Categories AlphaGraphs, Earnings, Technology
BIDU Earnings: Baidu Q3 2024 adjusted profit drops on lower revenues
Internet search service provider Baidu, Inc. (NASDAQ: BIDU) Thursday reported a decline in adjusted profit for the third quarter of 2024. Revenues declined modestly year-over-year.
Total revenues of the China-based tech firm dropped 3% year-over-year to RMB33.6 billion ($4.78 billion) in the September quarter. The Baidu app had 704 million monthly active users at the end of the quarter, up 6% year-over-year.
Third-quarter adjusted earnings dropped to RMB16.6 per ADS ($2.37 per ADS) from RMB20.40 per ADS in the corresponding period of fiscal 2023. On an unadjusted basis, net income was RMB21.6 per ADS ($3.08 per ADS).
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
DAL Earnings: All you need to know about Delta Air Lines’ Q1 2025 earnings results
Delta Air Lines (NYSE: DAL) reported its first quarter 2025 earnings results today. Operating revenue increased 2% year-over-year to $14 billion. Net income was $240 million, or $0.37 per share,
Deals and R&D in focus as Johnson & Johnson gears up for Q1 earnings
For Johnson & Johnson (NYSE: JNJ), investments in its pipeline and exiting lower priority businesses remain central to its strategy in the new fiscal year. The healthcare behemoth is in
Earnings preview: What to expect when these major banks report Q1 2025 results
The leading players in the banking industry are set to report their earnings results for the first quarter of 2025 over this week and the next. While majors JPMorgan Chase
