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BIDU Aug 2024 105.000 put
| Previous close | 5.6000 |
| Open | 5.9000 |
| Bid | 2.9000 |
| Ask | 4.7000 |
| Strike | 105.00 |
| Expiry date | 2024-08-16 |
| Day's range | 4.6000 - 5.9000 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.01k |
- Yahoo Finance Video
Chinese stocks: How Baidu and JD.com react to Q1 earnings
Shares of Baidu (BIDU) are falling slightly after the company posted its first-quarter earnings, revealing revenue of $4.37 billion beating consensus estimates of $4.32 billion (Chinese yuan converted to US dollar). In addition, Baidu's online marketing revenue grew 3% year-over-year to $2.36 billion. JD.com (JD) stock has been trending up over the past month, with the company beating estimates for its first quarter with revenue of $36.02 billion, a 7% growth year-over-year, versus an expected $35.62 billion (Chinese yuan converted to US dollar). Additionally, the company's net service revenues grew 8.8% year-over-year to $7.14 billion. Catalysts Anchors Madison Mills and Seana Smith break down the latest developments with these two Chinese companies and how they may operate moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
BloombergDavid Tepper Scoops Up Alibaba as Hedge Funds Hunt for Bargains in China
(Bloomberg) -- Billionaire investor David Tepper loaded up on beaten-down Chinese stocks last quarter while reducing stakes in high-flying US tech firms, leading hedge fund managers who are slowly warming up to China amid a record gap in valuations between the two markets.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceJamie Dimon Sees ‘
BenzingaBaidu's Q1 Earnings: Revenue and EPS Beat, CEO Highlights Gen-AI's Role in Transforming Everyday Life
Baidu, Inc (NASDAQ: BIDU) reported a fiscal first-quarter 2024 revenue growth of 1% year-on-year to $4.37 billion, beating the analyst consensus estimate of $4.32 billion. Baidu's adjusted earnings per ADS of $2.76 beat the analyst consensus estimate of $2.30. Segments: Baidu's Core revenue increased 4% year over year to $3.30 billion; Online marketing revenue improved 3% year over year to $2.36 billion. Non-online marketing revenue grew 6% year over year to $935 million, driven by the AI Cloud
