• Baidu Inc 9888.HK reported quarterly adjusted earnings of CNY2.41​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of CNY2.74. The mean expectation of eight analysts for the quarter was for earnings of CNY2.05 per share. Wall Street expected results to range from CNY1.85 to CNY2.58 per share.

• Revenue fell 2.4% to CNY34.12 billion from a year ago; analysts expected CNY33.36 billion.

• Baidu Inc's reported EPS for the quarter was CNY1.78​.

• The company reported quarterly net income of CNY5.19 billion.

• Baidu Inc shares had risen by 8.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Baidu Inc is HK$100.40

This summary was machine generated from LSEG data February 18 at 02:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)