BUZZ-Baidu's US-listed shares rise on upbeat Q1 revenue

Reuters
21 May
BUZZ-Baidu's US-listed shares rise on upbeat Q1 revenue

** U.S.-listed shares of search engine giant Baidu BIDU.O up 2.4% at $91.50 premarket

** Reports Q1 rev of 32.45 billion yuan ($4.50 billion), beating analysts' avg est of 30.9 billion yuan, according to data compiled by LSEG

** "AI Cloud continued its robust growth in the first quarter, which provides solid support to our overall revenue," interim CFO Junjie He says

** As of last close, stock up ~6% this year

($1 = 7.2050 Chinese yuan renminbi)

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10