Baidu's Q3 Earnings: Revenue Slides, Weak Online Ads Market Impact Margins

Quick Summary:

On Thursday, Baidu, Inc (NASDAQ: BIDU) reported fiscal third-quarter revenue of $4.78 billion, down 3% year-on-year, topping the analyst consensus estimate of $4.69 billion. 

Baidu’s adjusted earnings per ADS of $2.37 beat the analyst consensus estimate of $2.35.

Also Read: Qualcomm Targets $900 Billion Market by 2030: Big Bets on IoT and Automotive

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: BIDU Why it's moving Stories That Matter US0567521085 Briefs Benzinga Emerging Markets News Movers Top Stories Earnings Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 13:03:10 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23737197

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