Company News: Baidu (BIDU) quarterly results beat analysts’ estimates

Market news

17 November 2020

Company News: Baidu (BIDU) quarterly results beat analysts’ estimates

Baidu (BIDU) reported Q3 FY 2020 earnings of RMB20.35 per share (versus RMB1.76 per share in Q3 FY 2019), beating analysts’ consensus estimate of RMB13.08 per share.

The company’s quarterly revenues amounted to RMB28.232 bln (+0.5% y/y), beating analysts’ consensus estimate of RMB27.498 bln.

The company also issued in-line guidance for Q4 FY 2020, projecting revenues of RMB28.6-31.3 bln versus analysts’ consensus estimate of RMB28.82 bln.

BIDU fell to $144.80 (-2.06%) in pre-market trading.

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