Categories AlphaGraphs, Earnings, Technology
BIDU Infographic: Highlights of Baidu’s Q1 2022 earnings
Baidu, Inc. (NASDAQ: BIDU) has reported a decline in adjusted earnings for the first quarter of 2022, despite a modest increase in revenues. Strong growth in the Baidu AI Cloud and Intelligent Driving business was partially offset by weakness in the other areas of the business.
Revenues of the China-based technology company edged up 1% annually to RMB28.41 billion ($4.5 billion) in the March quarter. The Baidu app had 632 million monthly active users at the end of the quarter.
First-quarter adjusted earnings declined to RMB11.22 per ADS ($1.77 per ADS) from RMB12.38 per ADS in the corresponding period of fiscal 2021. On an unadjusted basis, it was a loss of RMB2.87 per ADS ($0.45 per ADS), compared to earnings of RMB73.76 per ADS last year.
Check this space to read management/analysts’ comments on Baidu’s Q1 2022 results
Baidu’s stock traded higher early Thursday on the Nasdaq stock exchange soon after the earnings announcement. It has lost about 11% since the beginning of the year.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
DG Earnings Preview: What to look for when Dollar General reports Q3 results
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales