Baidu beats by $1.61, beats on revs; guides Q2 revs in-line (189.20)
- Reports Q1 (Mar) earnings of RMB 12.36 per share, excluding non-recurring items, RMB 1.61 better than the S&P Capital IQ Consensus of RMB 10.75; revenues rose 24.8% year/year to RMB 28.13 bln vs the RMB 27.16 bln S&P Capital IQ Consensus.
- Co issues in-line guidance for Q2, sees Q2 revs of RMB 29.7-32.5 bln vs. RMB 30.3 bln S&P Capital IQ Consensus.