BAIDU Q1: Will it usher in Davis Double Play?
@Value_investing:
Before the US stock market opened on May 16, Baidu $Baidu(BIDU)$ $BIDU-SW(09888)$ released its first-quarter results for 2023, and its share price rose nearly 5% at one point:Compared with analysts' expectations, Baidu once again delivered more than expected results:Specifically, Baidu's revenue in the first quarter was 31.1 billion yuan, exceeding analysts' consensus expectations of 30 billion yuan, up 9.6% year-on-year:Judging from the quarterly revenue trend, Baidu initially reversed in the second half of last year, while revenue growth returned to 10% in the first quarter, and the operating turning point was officially established.By business, Baidu's online marketing business revenue in the first qu