Shares of Baidu BIDU rose 0.83% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 70.45% over the past year to $3.00, which beat the estimate of $2.05.
Revenue of $4,158,000,000 up by 5.83% year over year, which beat the estimate of $4,140,000,000.
Looking Ahead
Baidu Sees Q4 Sales $4.2B-$4.6B vs $4.38B Est.
Conference Call Details
Date: Nov 16, 2020
Time: 08:15 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/t7ggrioh
Price Action
Company's 52-week high was at $148.38
52-week low: $82.00
Price action over last quarter: Up 26.78%
Company Profile
Baidu is the largest Internet search engine in China with mid-70s mobile traffic share in the search market. The firm generates 86% of revenue from online marketing services and the rest from other segments. Baidu is a technology-driven company and has been investing in AI technology, such as autonomously driven cars.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.