Despite Baidu's Progress, Wall Street Remains Mostly Negative Going Into Earnings Tonight - News Summed Up

Despite Baidu's Progress, Wall Street Remains Mostly Negative Going Into Earnings Tonight


Baidu, the Chinese search giant, is set to report earnings for its December quarter and for FY16 on Thursday after the closing bell. Wall Street consensus for Q4:16 earnings is for $0.90 per share on revenues of $2.67 billion for the December quarter. For 2016, current consensus is for earnings of $4.05 per share on revenues of $10.2 billion. For the company's current quarter ending in March, the sell-side is estimating earnings of $0.75 per share on revenues of $2.5 billion. For 2017, current consensus is for earnings of $5.64 per share on revenues of $12.38 billion.


Source: Forbes February 23, 2017 14:26 UTC



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