Categories AlphaGraphs, Earnings, Technology
Infographic: A snapshot of Baidu’s (BIDU) Q4 2021 earnings
Baidu, Inc. (NASDAQ: BIDU) has reported lower earnings for the fourth quarter of 2021, despite a 9% increase in revenues. The top line benefited from strong growth in the company’s non-advertising business, particularly the acceleration of Baidu AI Cloud.
Revenues of the China-based technology company increased 9% annually to RMB33.1 billion ($5.2 billion) in the December quarter, supported by strong contributions from the Baidu Core segment. At the end of the quarter, the Baidu app had 622 million monthly active users.
Fourth-quarter adjusted earnings declined to RMB11.60 per ADS ($1.82 per ADS) from RMB20.08 per ADS in the corresponding period of fiscal 2020.
Read management/analysts’ comments on Baidu’s Q4 2021 results
Baidu’s stock traded lower on Wednesday afternoon in the Nasdaq stock exchange, after opening the session slightly above $160.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Trxade (MEDS) is increasing the breadth of product offerings: CEO Suren Ajjarapu
Trxade Health Inc. (NASDAQ: MEDS) is an online pharmaceutical marketplace that provides a platform for independent pharmacies to operate more effectively. The company’s digital platform helps optimize drug procurement and
AMAT Stock: Is now the right time to invest in Applied Materials?
It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied
Here’s a look at Take-Two Interactive Software’s (TTWO) expectations for the coming year
Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the
