HD Cuts Guidance After Earnings & BIDU Plans To Incorporate Ernie Bot Into Business

Home Depot (HD) cuts fiscal year sales guidance after releasing earnings today, May 16th, premarket. Renita Young discusses this as HD's adjusted EPS came in at $3.82 versus an estimated $3.81 and revenue came in at $37.26B. HD cuts its FY23 EPS view to down 7-13% from down mid-single digits. Baidu (BIDU) earnings were also released today with adjusted EPS coming in at $2.34 versus an estimated $1.93 and revenue coming in at $4.54B versus an estimated $4.39B. BIDU's 1Q non-gaap operating margin rose 23%. The company's CEO notes that BIDU plans to steadily incorporate Ernie bot into all their businesses. Tune in to find out more about the stock market today.