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
Important takeaways from Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The
Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the
Summary: Tesla (TSLA) reports Q1 2025 production, deliveries
Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products
