Published on 14 Jan 2022 on Zacks via Yahoo Finance
Baidu Inc. (BIDU) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Baidu Inc. (BIDU) closed at $154.53, marking a +1.32% move from the previous day. This change outpaced the S&P 500's 0.08% gain on the day. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq lost 0.42%.
Prior to today's trading, shares of the web search company had gained 8.8% over the past month. This has outpaced the Computer and Technology sector's loss of 5.11% and the S&P 500's gain of 0.22% in that time.
Baidu Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.89, down 38.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.04 billion, up 8.6% from the year-ago period.