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Company News for May 17, 2023

Zacks Equity Research
·1-min read

  • iQIYI Inc.’s (IQ) shares plummeted 8% after the company reported first quarter 2023 adjusted earnings per share of $0.03, missing the Zacks Consensus Estimate of $0.05.

  • Baidu Inc.’s (BIDU) shares surged 4% after the company posted first quarter 2023 adjusted earnings per share of $2.34, beating the Zacks Consensus Estimate of $1.91.

  • Shares of Sea Ltd. (SE) plunged 17.7% after reporting first quarter 2023 adjusted earnings per share of $0.61, lagging the Zacks Consensus Estimate of $0.64.

  • Shares of Seabridge Gold Inc. (SA) tumbled 7.6% after posting first quarter 2023 adjusted loss per share of $0.10, wider-than-the Zacks Consensus Estimate of a loss per share of $0.05.

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