Baidu (BIDU) earnings were recently released. Its adjusted EPS came in at $3.11 versus an estimated $2.57 and its revenue came in at $4.70B versus an estimated $4.66B. BIDU says that it's "well-positioned to capitalize on A.I." BIDU's revenue growth came in at 14.9% and operating margin came in at 15.3%. BIDU's CEO noted that "we remain steadfast in investing in A.I." BIDU's 2Q adjusted EBITDA was 27%. Jenny Horne discusses BIDU's earnings, as well as reaction to Zoom Video's (ZM) earnings. Tune in to find out more about the stock market today.
Morning Trade Live
22 Aug 2023
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