Tracy Qu / Wall Street Journal:
Baidu reports first quarter revenue down 1.1% YoY to ~$4.7B, above estimate of ~$4.5B, and net profit down 55% YoY to ~$506.6M, above estimate of ~$462.5M, amid slow AI gain.— First-quarter net profit fell 55% from a year earlier — Baidu posted another sharp profit decline and fourth consecutive quarter…