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Baidu ($BIDU) and JD.com ($JD) reported strong Q1 earnings, beating revenue and earnings estimates. BIDU's revenue was Y31.5B vs. ¥31.4B est, with positive metrics across the board. JD's revenue was ¥260.05B vs. ¥258.35B est, and its adj EPS and adj EBITDA also surpassed expectations. Both companies saw stock price increases pre-market, with JD up by 4.1%.
Baidu reports stronger-than-forecast earnings https://t.co/SJmJeNk95k
$BIDU earnings dip got bought and now making some serious moves on Asian exchange https://t.co/RgpwnfTope https://t.co/1MibrMbmZz
$BIDU did 40% today https://t.co/YwSvPDfAE9 https://t.co/59frZRHVZ2
