Baidu (BIDU) falls about 3% premarket after Q2 results miss estimates
BIDU Baidu Inc ADR
$104.28 +0.59%
View chart & analysis → - 1Baidu (BIDU) shares dropped roughly 3% in U.S. premarket trading after its Q2 earnings and revenue fell short of expectations.
- 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).
- 3AI cloud infrastructure revenue rose 50% YoY to 7.3 billion yuan, while GPU cloud revenue grew 283%.
This 3-line summary is compiled from the report below.
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