Baidu’s (NASDAQ:BIDU) Q3 Catalysts: AI Cloud and Apollo Go
21 November 2022 - 10:01AM
TipRanks
Chinese internet search giant Baidu, Inc. (NASDAQ:BIDU) is
scheduled to report its third quarter Fiscal 2022 results on
November 22, before the market opens. BIDU stock has been hammered
this year owing to the resurgence and lockdowns related to the
COVID-19 pandemic, persistent regulatory hurdles for Chinese tech
companies, and US-China trade tensions. These factors have impacted
the company’s advertising revenue and subscription growth to a
great extent. Year to date, BIDU stock has lost 35.6%. The Street
expects Baidu to post an adjusted profit of $2.17 per ADS, lower
than the prior-year quarter figure of $2.28 per ADS. Similarly,
revenue is pegged at $4.
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