Baidu stock falls 10.4% in five days as revenue declines 4% year-over-year, missing quarterly estimates.
Baidu (BIDU) shares extended losses, trading below all major moving averages after reporting weaker-than-expected quarterly results. The stock declined 10.4% over the past five trading sessions, reflecting investor disappointment over the earnings miss.
Revenue dropped 4% year-over-year, falling short of consensus estimates. The decline marks a continuation of the company’s recent struggles amid broader market and sector-specific challenges.
Technical indicators remain bearish, with the stock failing to hold above critical support levels, signaling potential further downside risk.