Baidu beats estimates on strong growth in marketing business [Reuters (UK)]
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: Reuters
Baidu beats estimates on strong growth in marketing business | Reuters 2 Min Read (Reuters) - Chinese search engine operator Baidu Inc beat Wall Street estimates for fourth quarter revenue and profit on Thursday, aided by strong growth in its online marketing business. Revenue for the segment rose nearly 4 percent to 21.2 billion yuan ($3.15 billion) in the quarter ended Dec. 31. The company’s U.S.-listed shares were up nearly 3 percent to $176.75 in extended trading. Baidu forecast first quarter revenue between 23.5 billion yuan and 24.7 billion yuan, while analysts had expected 24 billion yuan, according to IBES data from Refinitiv. The company in October had forecast fourth-quarter sales below analyst estimates, citing policy changes and the trade war. Total revenue rose about 15 percent to 27.2 billion yuan, beating estimates of an 11.4 percent rise. Net income attributable to the company fell to 2.08 billion yuan ($309.55 million) in the quarter, from 4.16 billion yuan a year ear
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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