Baidu, Inc. (BIDU) reported net income for the first quarter of RMB2.04 billion, or $328.9 million, compared to RMB1.88 billion for the year-ago quarter.
Earnings per ADS for the first quarter amounted to RMB5.88, or $0.95, compared to RMB5.38 in the prior year quarter.
Earnings per ADS excluding share-based compensation expenses for the latest quarter amounted to RMB6.20, or $1.00.
Baidu's total revenues for the first quarter rose 40% year-over-year to RMB5.969 billion, or $961.0 million.
Analysts polled by Thomson Reuters expected the company to earn $1.03 per share on revenue $969.00 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward, the company forecast second quarter revenue of RMB7.370 billion ($1.187 billion) to RMB7.550 billion ($1.216 billion). Analysts currently expect the company to post revenue of $1.20 billion for the second quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.