From Yahoo Finance: 2024-05-16 11:02:55

Shares of Baidu are down slightly after posting Q1 earnings with revenue of $4.37 billion, beating estimates. Online marketing revenue grew by 3% year-over-year to $2.36 billion. JD.com stock has been on the rise, surpassing Q1 revenue estimates at $36.02 billion and net service revenues at $7.14 billion. Analysts discuss future implications for both companies. Watch the full episode of Catalysts for expert insight. Baidu saw a 1% decrease post-earnings, while JD.com beat estimates, attributing sales increase to price cuts and coupons. Baidu’s autonomous driving technology and investment in AI raises questions despite surpassing profit expectations. Baidu’s adjusted operating margin remains flat at 23%, impacting analyst perception of the results. These figures provide insight into China’s economy.



Read more at Yahoo Finance: How Baidu and JD.com react to Q1 earnings