Baidu's (BIDU) AI Positioning May Turn Around its Fortune
BIDU(BIDU) Zacks Investment Research·2024-03-06 14:06Baidu, Inc. (BIDU) , the China-based tech major, reported fourth-quarter fiscal 2023 earnings on Feb 28. It recorded an 8% year-over-year increase in total revenues and an expansion of the non-GAAP operating margin from 22% to 24%. Baidu reported earnings of $3.08 per share, beating the Zacks Consensus Estimate of $2.75. However, quarterly revenues of $4,923 million marginally missed the Zacks Consensus Estimate of $4,925 million.The company's shares have remained volatile since the beginning of 2023, havin ...