BIDU Baidu Inc

Chinese technology giant Baidu, Inc. (BIDU) is slated to release its second quarter Fiscal 2022 results on August 30, before the market opens. Baidu specializes in Internet-related services and products, and artificial intelligence (AI). BIDU stock has lost 9.3% during the past six months, while gaining 11.9% in the last five days. The Street expects Baidu to post adjusted earnings of $1.58 per share in Q2, much lower than the prior year period’s figure of $2.39 per share. Meanwhile, revenue is pegged at $4.24 billion, representing a year-over-year decline of 12.5%.
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