Baidu Earnings, Revenue beat in Q4 By Investing.com

Baidu (NASDAQ:BIDU) reported on Wednesday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Baidu announced earnings per share of 20.08 on revenue of 30.26B. Analysts polled by Investing.com anticipated EPS of 17.78 on revenue of 30.02B.

Baidu shares are up 42% from the beginning of the year and are trading at 308.68 , down-from-52-week-high.They are outperforming the Nasdaq which is up 8.36% from the start of the year.

Baidu follows other major Technology sector earnings this month

Baidu’s report follows an earnings beat by Apple on January 27, who reported EPS of 1.68 on revenue of 111.44B, compared to forecasts EPS of 1.42 on revenue of 103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of 2.03 on revenue of 43.08B, compared to forecast for EPS of 1.64 on revenue of 40.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar