Baidu.com (BIDU) Tops Q2 EPS by 8c, Offers Q3 Guidance

Baidu.com (NASDAQ: BIDU) reported Q2 EPS of $1.46, $0.08 better than the analyst estimate of $1.38. Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.7 billion.

GUIDANCE:

Baidu.com sees Q3 2020 revenue of $3.7-4.1 billion, versus the consensus of $3.97 billion.

• For the third quarter of 2020, Baidu expects revenues to be between RMB 26.3 billion ($3.7 billion) and RMB 28.7 billion ($4.1 billion), representing a growth rate of -6% to 2% year over year, which assumes that Baidu Core revenue will grow between -7% and 3% year over year. The COVID-19 situation in China is evolving, and business visibility is very limited. The above forecast reflects Baidu's current and preliminary view, which is subject to substantial uncertainty.

For earnings history and earnings-related data on Baidu.com (BIDU) click here.

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