Us stock signals free · May 16, 2024 0

<Results>BIDU-SW 1Q24 Non-GAAP NP Rises 22.4%, Beats; US Stock Leaps ~3% in Pre-mkt Session

BIDU-SW (09888.HK)  -0.800 (-0.733%)    Short selling $184.62M; Ratio 18.888%   (BIDU.US)      released its 1Q24 results ended March 2024. Net income attributable to BIDU-SW fell 6.5% YoY to RMB5.448 billion, still above the upper limit of the range of RMB3.977 billion to RMB4.522 billion as forecasted by 5 brokers summarized by our reporters.

Earnings per ordinary shares were RMB1.87, while earnings per ADS were RMB14.97.

Non-GAAP net income attributable to BIDU-SW reached RMB7.011 billion, up 22.4% YoY, significantly higher than the upper limit of the range of RMB5.375 billion to RMB5.966 billion as predicted by 8 brokers summarized by our reporters.

BIDU-SW's US stock last climbed 2.75% to US$113.8 in pre-market session.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-16 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)