Shares of Chinese multinational technology company Baidu, Inc. (BIDU) slipped 5.5% on Wednesday after the company missed revenue estimates for the third quarter of 2021. The stock lost another 0.3% in the extended trading session to end the day at $161.40. Headquartered in Beijing's Haidian District, Baidu offers Internet-related services and products and artificial intelligence (AI). Earnings and Revenue Adjusted earnings declined 28% year-over-year to $2.28 per share but beat the Street’s estimate of $2.07 per share. Total revenues increased 13% to $4.95 billion and fell just short of analysts’ expectations of $4.99 billion. Segment Revenues Revenue from Baidu Core grew 15% year-over-year to $3.
https://www.tipranks.com/news/baidu-slips-5-5-as-q3-revenues-miss-expectations?utm_source=advfn.com&utm_medium=referral
Baidu (NASDAQ:BIDU)
Historical Stock Chart
Von Dez 2021 bis Jan 2022 Click Here for more Baidu Charts.
Baidu (NASDAQ:BIDU)
Historical Stock Chart
Von Jan 2021 bis Jan 2022 Click Here for more Baidu Charts.