4 Key Takeaways From Baidu's Earnings Report [The Motley Fool]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm
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Source: The Motley Fool
4 Key Takeaways From Baidu's Earnings Report Baidu's sliding revenue continues to create challenges. Chinese search leader Baidu ( NASDAQ:BIDU ) released its first-quarter financial report after the market close on Thursday, and to say the market didn't like the results would be an understatement. Revenue growth decelerated for the third consecutive quarter, and to make matters worse, the company posted its first loss since going public in 2005. Baidu's stock fell more than 10% in after-hours trading in the wake of its report. There was a lot going on at Baidu. Let's dig into the results to uncover the most important takeaways from the earnings report and get management's take on what happened. The search giant generated revenue of $3.59 billion, up 15% year over year, exceeding the high end of the company's forecast of $3.42 billion and ahead of analysts' consensus estimates of $3.52 billion. Excluding the divesting business, revenue was up 21%. Unfortunately, it marked the third co
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BIDU
Earnings
- 2/28/24 - Beat
BIDU
Sec Filings
- 4/12/24 - Form 6-K
- 4/2/24 - Form 144
- 3/18/24 - Form 6-K
- BIDU's page on the SEC website