Baidu, Inc. (NASDAQ: BIDU) on Tuesday reported higher revenues and adjusted earnings for the first quarter of 2023, with both operating segments registering growth.
Total revenues of the China-based technology company increased 10% year-over-year to RMB31.1 billion ($4.54 billion) in the March quarter. The Baidu app had 657 million monthly active users at the end of the quarter, which is up 4% year-over-year.
First-quarter adjusted earnings moved up to RMB16.10 per ADS ($2.34 per ADS) from RMB11.22 per ADS in the corresponding period of fiscal 2022. On an unadjusted basis, net income was RMB15.92 per ADS ($2.32 per ADS), compared to a loss of RMB2.87 per ADS last year.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and