Get ready to mark your calendars because the much anticipated second quarter financial results of Baidu (NASDAQ: BIDU) are set to be unveiled on Thursday 22nd August 2024. Investors and market watchers will have the chance to dive into the company's financial performance as the announcement is scheduled before market open.
Financial experts on Wall Street anticipate that the company is set to announce an estimated $2.57 profit per share for the quarter. Furthermore, the company is expected to disclose a total revenue of $4.68 billion for this specific period.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $3.11. This numbers can be credited to the company's total revenue, which amounted to an impressive $4.7 billion during the same quarter.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $19.2 billion. At the same time, they are expecting the company to achieve per share profit of $11.05 for the fiscal year ahead.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $2.76 | +17.9% | 4.37 B | -3.7% |
| Q4 2023 | $3.08 | +39.4% | 4.92 B | +2.6% |
| Q3 2023 | $2.80 | +18.1% | 4.72 B | +3.2% |
| Q2 2023 | $3.11 | +31.8% | 4.70 B | +6.1% |
*Growth on year-over-year basis
Baidu (BIDU) closed Wednesday's regular trading session at $89.74, indicating a 2.00 percent advance. BIDU shares traded between $87.88 and $89.85, with a day volume of 3.47 million shares.
