Company Earnings Update 3 minutesRegister for Free AccessBaidu (BIDU) 1Q17 Results: Revenue Improved on Higher Spending Per Customer, Non-GAAP Earnings Beat Coresight Research May 2, 2017 Executive Summary Baidu reported 1Q17 non-GAAP diluted earnings per ADS of ¥6.85, up 0.7% year over year, to beat the consensus of ¥6.15. Revenues reached ¥16.9 billion, up 6.8% year over year and in line with the consensus estimate. The company announced that Jennifer Li would be stepping down as CFO to serve as CEO of Baidu’s investment firm Baidu Capital. Management expects the top-line for 2Q17 to be in the range of ¥20.47–¥20.98 billion, representing a year-over-year increase of 12.1%–14.9%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Department Stores in Focus—Kohl’s and Macy’s Lead the Way: US Consumer Survey InsightsDay One at NRF 2024: Retail’s Big Show—Building Community and Leveraging Technology Drives Retail SuccessEarnings Insights 1Q24, Week 1: L’Oréal and Skechers Report Positive Sales Growth, Columbia Sportswear and Levi’s Post Sales DeclinesUS Grocery Retail and Recessions: Learnings from the Past and Recommendations for the Future
