5 Important Takeaways From Baidu's Q2 Earnings Report
It's been a tough year for investors in Baidu (NASDAQ: BIDU). The Chinese search leader has been hit by slowing growth, more intense competition, and the trade war with the U.S. This combination of factors has weighed heavily on the company, causing the stock to fall more than 60% since hitting all-time highs in mid-2018.
With the bar set appropriately low, investors were relieved when Baidu reported better-than-expected second-quarter results, and suggested that the worst might be over -- causing the stock to soar as much as 10% in the wake of the company's earnings, though it's lately up about 6%.
Here are five notable conclusions from the second quarter.
Source Fool.com
