🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Baidu Earnings, Revenue beat in Q3

Published 2021-11-17, 07:21 a/m
© Reuters.  Baidu Earnings, Revenue beat in Q3
BIDU
-

Investing.com - Baidu (NASDAQ:BIDU) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Baidu announced earnings per share of 14.66 on revenue of 31.92B. Analysts polled by Investing.com anticipated EPS of 12.96 on revenue of 31.8B.

Baidu shares are down 20% from the beginning of the year and are trading at 171.27 , down-from-52-week-high.They are under-performing the Nasdaq which is up 23.94% from the start of the year.

Baidu follows other major Communication Services sector earnings this month

Baidu's report follows an earnings beat by Alphabet C on Tuesday, October 26, 2021, who reported EPS of 27.99 on revenue of 65.12B, compared to forecasts EPS of 23.83 on revenue of 63.53B.

Alphabet A had beat expectations on Tuesday, October 26, 2021 with third quarter EPS of 27.99 on revenue of 65.12B, compared to forecast for EPS of 23.73 on revenue of 63.53B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.