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Recap: Baidu Q3 Earnings

Benzinga Insights
·1 min read

Shares of Baidu (NASDAQ: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

View more earnings on BIDU

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.

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