Previous close | 334.200 |
Open | 345.600 |
Bid | 341.400 x 0 |
Ask | 341.800 x 0 |
Day's range | 338.200 - 347.800 |
52-week range | 297.000 - 640.000 |
Volume | |
Avg. volume | 30,240,992 |
Market cap | 3.285T |
Beta (5Y monthly) | 0.46 |
PE ratio (TTM) | 31.03 |
EPS (TTM) | 11.014 |
Earnings date | 16 Aug 2022 - 22 Aug 2022 |
Forward dividend & yield | 1.60 (0.47%) |
Ex-dividend date | 20 May 2022 |
1y target est | 471.46 |
Shares of Baidu (NASDAQ: BIDU) were on fire today, up 13.2% as of 1:50 p.m. ET. While today was a good day for tech stocks generally, Baidu also had the added benefit of a stronger-than-expected earnings report last night. In the first quarter of 2022, Baidu posted revenue of $4.48 billion, up 1% over the prior year, as well as non-GAAP (adjusted) earnings per share of $1.77.
Tencent Holdings (OTC: TCEHY) posted its first-quarter earnings report on May 18. The Chinese tech giant generated 135.5 billion yuan ($21.3 billion) in revenue, which stayed nearly flat from a year ago and missed analysts' estimates by 5.5 billion yuan. Tencent's net profit declined 51% to 23.4 billion yuan ($3.7 billion), which also missed analysts' expectations by 5.1 billion yuan.
US stocks dipped and Treasury bonds rose on Thursday as investors sought to navigate a tricky outlook for global equities marred by inflation and signs of slowing growth. The S&P 500 index fell 0.6 per cent, closing at its worst level since March 2021, while the tech-heavy Nasdaq Composite fell 0.3 per cent. Both gauges had come under heavy selling pressure in the previous session, with the S&P shedding 4 per cent in the worst sell-off since June 2020 and the Nasdaq tumbling 4.7 per cent. The swings on Thursday reflect the deep uncertainty among investors over the outlook for growth and inflation at a time when central banks, led by the US Federal Reserve, are unwinding the stimulus measures that have helped prop up the world economy over the past two years.