BAIDU（BIDU）股票在击败Q1收入和利润估算后流行起来

截至美国东部时间下午1:43 BAIDU Inc.（NASDAQ：BIDU）的交易价格为86.34美元，当天下跌3.36％。

As of 1:43 PM ET, Monday, Baidu Inc. (NASDAQ:BIDU) was trading at $86.34, down 3.36% on the day. Here's a look at what happened:

截至美国东部时间下午1:43，BAIDU Inc.（NASDAQ：BIDU）的交易价格为86.34美元，下降了3.36％。以下是发生了什么：

What Happened: As of 1:43 PM EDT, Monday, Baidu Inc. (NASDAQ:BIDU) was trading at $86.34, down 3.36% on the day.

发生了什么：截至美国东部时间下午1:43，周一，百度公司（NASDAQ：BIDU）的交易价格为86.34美元，当天下跌了3.36％。

Here's a look at what happened:

以下是发生了什么：

On May 21, the Chinese tech firm reported its financial results for the quarter ended March 31. Revenue edged up 3% year-over-year to CNY32.45 billion ($4.47 billion), narrowly beating the average analyst forecast of CNY30.90 billion ($4.30 billion).

5月21日，这家中国科技公司报告了截至3月31日的季度的财务业绩。收入同比增长3％，达到324.5亿美元（44.7亿美元），险些击败了平均分析师309.0亿CNY的分析师预测（4.33亿美元）。

The company posted adjusted earnings of CNY18.54 per share, down from CNY19.91 last year but still coming in above the consensus estimate of CNY14.74. Baidu’s reported earnings per share came in even higher at CNY21.59.

该公司发布了调整后的CNY18.54每股收益，低于去年CNY19.91，但仍高于CNY14.74的共识估计。百度报道的每股收益在CNY21.59上涨甚至更高。

What Impacted Baidu’s Earnings:

是什么影响了百度的收入：

Despite a challenging macroeconomic climate, Baidu demonstrated resilience with surprising revenue growth and strong earnings.

尽管宏观经济的气候充满了挑战，但百度表现出了令人惊讶的收入增长和丰富的收入的韧性。

Crucial Contributions:

关键贡献：

AI Cloud: A key driver of Baidu's earnings was the outstanding performance of its AI Cloud business, which achieved 42% Y/Y growth. CEO Robin Li attributed this to a rapid response to market demand for full-stack AI products at competitive price-performance levels. Interim CFO Junjie He further highlighted the pivotal role of AI Cloud in supporting the quarter's revenue.

AI Cloud：Baidu收益的主要驱动力是其AI Cloud业务的出色表现，其增长率为42％。首席执行官罗宾·李（Robin Li）将其归因于对市场需求的迅速响应，以竞争性的价格表现水平。临时CFO Junjie他进一步强调了AI Cloud在支持该季度收入方面的关键作用。

Pay Attention To: Rising SGA, R&D Down, Margins Affected - Baidu reported SG&A expenses at $815 million, a 10% increase year-over-year due to higher promotional costs. R&D spending, on the other hand, decreased by 15% Y/Y to $626 million. Despite the top-line strength, adjusted EBITDA margins took a hit. Overall margin slipped by 400 basis points to 22%, and Core EBITDA margin fell to 26%.

请注意：Rising SGA，研发下降，受影响的利润率-BAIDU报告的SG＆A支出为8.15亿美元，由于促销成本较高，同比增长10％。另一方面，研发支出减少了15％/年，至6.26亿美元。尽管有一线力量，但调整后的EBITDA利润率还是受到了打击。总利润率下降了400个基点，至22％，而核心EBITDA利润率下降至26％。

Cash Flow and Investments: At the end of the quarter, Baidu held $19.6 billion in cash and equivalents. However, on an adjusted basis, free cash flow showed an outflow of $1.23 billion. Excluding iQIYI, the outflow was $1.27 billion, indicating significant investments, particularly in AI.

现金流量和投资：在季度结束时，百度持有196亿美元的现金和同等价值。但是，根据调整后，自由现金流显示出12.3亿美元的流出。除Iqiyi外，该流出为12.7亿美元，表明大量投资，尤其是在AI中。

Another Milestone: Baidu also reached a significant milestone in its autonomous driving endeavors. Its robotaxi service, Apollo Go, launched in Dubai and Abu Dhabi, marking a crucial step in expanding Baidu's AI-driven mobility solutions internationally.

另一个里程碑：百度在其自动驾驶努力方面也达到了一个重要的里程碑。它的机器人服务Apollo GO在迪拜和阿布扎比推出，这是在国际上扩大百度AI驱动的移动解决方案的关键步骤。

Analyst Sentiment: According to the latest data from TipRanks, analyst sentiment on BIDU remains positive. Of the 31 analysts covering BIDU, 18 are recommending a Buy or Strong Buy, 12 suggest Hold, and only 1 has a Sell recommendation.

分析师的情绪：根据Tipranks的最新数据，BIDU上的分析师情绪仍然是积极的。在涵盖Bidu的31位分析师中，有18位建议购买或强劲买入，建议持有12个，只有1个有卖出建议。

The analysts’ 12-month price target for BIDU shares ranges from a low of $70.00 to a high of $150.00, with a median target of $107.85. Shares of BIDU are currently down 2.9% over the last quarter but are up by 6% year-to-date.

BIDU股价为12个月的目标价格为12个月的价格目标范围从70.00美元的低至150.00美元不等，中位目标为107.85美元。 BIDU的股票目前比上一季度下跌2.9％，但每年至今增长6％。

As of Monday morning, no analysts have made any new price, earnings or revenue forecasts for Baidu in the last 30 days. Moreover, there have been no major changes to analysts’ thinking on BIDU, with 1 analyst upgrading their rating of the shares in the last three months, compared to no analysts who downgraded their rating.

截至周一上午，在过去30天内，尚无任何分析师对百度的任何新价格，收入或收入预测。此外，分析师对BIDU的思考没有重大变化，而1位分析师在过去三个月中升级了其股票评级，而没有分析师降低评级的分析师。