Company Earnings UpdateBaidu (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Test post for search
