Categories AlphaGraphs, Earnings, Technology

Infographic: Baidu (BIDU) Q4 2020 earnings highlights

Baidu, Inc. (NASDAQ: BIDU) on Wednesday reported higher revenues for the fourth quarter. Shares of the tech firm gained during the extended trading session immediately after the announcement.

Baidu Q4 2020 earnings infographic

Revenues of the China-based online search company advanced 5% annually to RMB30.2 billion ($4.64 billion) during the December-quarter, supported by strong contributions from both the business segments.

At the end of the quarter, the Baidu app had 544 million monthly active users.

Meanwhile, adjusted earnings dropped to RMB20.08 per ADS ($3.08 per ADS) from RMB26.54 per ADS last year. On an unadjusted basis, net profit was RMB5.17 billion ($794 million) or RMB15.05 per ADS ($2.31 per ADS), compared to RMB18.25 per ADS in the fourth quarter of 2019.

Read management/analysts’ comments on Baidu’s Q4 2020 results

Baidu’s stock, which has gained 42% since the beginning of the year, closed Wednesday’s regular session lower but gained during the extended session soon after the earnings release.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat

Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the

Nutanix (NTNX) Earnings: 2Q21 Key Numbers

Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3

Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023

Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer

Add Comment
Viewing Highlight