Baidu stock rose over 12% last month
China-based (FXI) internet company Baidu (BIDU) saw its stock rise ~12% in April to close at $250.90 on April 30. Baidu stock has returned 39% in the last 12 months and 8.4% in the last five trading days. It rose 42% in 2017.
Revenue of $3.3 billion in 1Q18
Baidu recently announced its 1Q18 results, reporting revenue of $3.3 billion. This figure represented a 34% YoY (year-over-year) rise from $2.5 billion and was 2.8% higher than analysts’ estimate of $3.2 billion.
The company reported non-GAAP (generally accepted accounting principles) earnings per share of $2.69 in the quarter, marking a 183% rise YoY from $0.95, and beating analysts’ estimate of $1.64 by 64%. Analysts expect Baidu’s robust revenue growth to continue in fiscal 2018. They expect its revenue to rise 15.2% YoY to $3.8 billion in 2Q18, 17% YoY to $15.7 billion in 2018, and ~20% YoY to $18.8 billion in 2019.