Baidu Earnings, Revenue Beat in Q3
Investing.com - Baidu reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of ¥ 12.61 on revenue of ¥ 28.08B. Analysts polled by Investing.com anticipated EPS of ¥ 8.21 on revenue of ¥ 27.61B. That compared to EPS of ¥ 19.01 on revenue of ¥ 28.20B in the same period a year earlier. The company had reported EPS of ¥ 10.11 on revenue of ¥ 26.33B in the previous quarter.
Baidu follows other major Technology sector earnings this month
On October 30, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Microsoft earnings beat analyst's expectations on October 23, with first quarter EPS of $1.38 on revenue of $33.06B. Investing.com analysts expected EPS of $1.25 on revenue of $32.15B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Related Articles
Futures jump as China signals progress in trade talks
Facing shorter holiday season, U.S. retailers rev up faster delivery, early deals
JD.com's Liu resigns from China parliament advisory body: state tv