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Baidu Slips Despite Q1 Beats

TheMotleyFool

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Chinese tech giant Baidu (NASDAQ: BIDU) scored a pair of beats in its inaugural quarter of 2021, but investors might be more concerned about the company's immediate future.

For its Q1, Baidu booked total revenue of 28.13 billion yuan ($4.38 billion), which was 25% higher on a year-over-year basis. Non-GAAP (adjusted) net profit was nearly 4.3 billion yuan ($669 million), or the equivalent of $1.89 per the company's American Depositary Share (ADS).

Image source: Getty Images.

Source Fool.com

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