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- Company News: Baidu (BIDU) quarterly earnings beat analysts’ forecasts
Company News: Baidu (BIDU) quarterly earnings beat analysts’ forecasts
Baidu (BIDU) reported Q3 FY 2019 earnings of $1.76 per share (versus $2.77 in Q3 FY 2018), beating analysts’ consensus estimate of $1.17.
The company’s quarterly revenues amounted to $3.929 bln (-4.4% y/y), generally in line with analysts’ consensus estimate of $3.889 bln.
The company also issues in-line guidance for Q4 FY 2019, projecting revenues of $3.78-4.02 bln versus analysts’ consensus estimate of $3.9 bln.
BIDU rose to $114.50 (+6.65%) in pre-market trading.
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