Investing.com - Baidu (NASDAQ:BIDU) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baidu announced earnings per share of ¥16.87 on revenue of ¥32.54B. Analysts polled by Investing.com anticipated EPS of ¥15.35 on revenue of ¥31.54B.
Baidu shares are down 36% from the beginning of the year and are trading at ¥94.56 , down-from-52-week-high.
Baidu follows other major Communication Services sector earnings this month
Baidu's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of ¥1.06 on revenue of ¥69.09B, compared to forecasts EPS of ¥1.26 on revenue of ¥71B.
Tencent ADR had beat expectations on Tuesday, November 15, 2022 with third quarter EPS of ¥0.4669 on revenue of ¥19.79B, compared to forecast for EPS of ¥0.447 on revenue of ¥20.01B.
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