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Thursday, November 7, 2019

Baidu Earnings, Revenue Beat in Q3

© Reuters.  Baidu Earnings, Revenue Beat in Q3© Reuters. 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

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