Baidu (BIDU) falls about 3% premarket after Q2 results miss estimates

BIDU Baidu Inc ADR

$86.99 +3.17%

View chart & analysis →

1. 1Baidu (BIDU) shares dropped roughly 3% in U.S. premarket trading after its Q2 earnings and revenue fell short of expectations.
2. 2The company reported EPS of 7.22 yuan (estimate: 9.84 yuan) and revenue of 31.33 billion yuan (down 4% YoY; estimate: 31.95 billion yuan).
3. 3AI cloud infrastructure revenue rose 50% YoY to 7.3 billion yuan, while GPU cloud revenue grew 283%.

Source Investing.com +3 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →