Baidu shares plunge 12.7% after earnings miss

Zacks Investment Research··US·Read original
3▲2 ▼2Impact / 5
Summary · why it matters

Baidu shares plunged 12.7% after the company reported second-quarter 2026 adjusted earnings of $1.06 per share, widely missing the Zacks Consensus Estimate of $1.51. Western Digital shares slid 7.4% amid a rough session for tech stocks. ExxonMobil Holdings shares rose 2.5% as energy emerged as one of the biggest winning sectors. Amer Sports shares gained 3.2% after reporting second-quarter fiscal 2026 adjusted earnings of 22 cents per share, beating the Zacks Consensus Estimate of 11 cents.

Impact on assets 4

Artificial Intelligence▼ · 1 stocks
Baidu Inc
9888
▼ NegativeCapitalrelevance

Missed earnings estimates, shares plunged

Consumer Discretionary▲ · 1 stocks
Cloud & Digital Infrastructure▼ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
© 2026 MarketIVNews