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Investing.com - Baidu reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baidu announced earnings per share of ¥16.87 on revenue of ¥32.54B. Analysts polled by Investing.com EPS of ¥15.35 on revenue of ¥31.54B.
Baidu 's are down 36% and is trading at ¥94.56 , still down 44.98% from its 52 week high of ¥171.87 set on Thursday, February 17, 2022.
Baidu follows other major Communication Services sector earnings this month
Baidu's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of ¥1.06 on revenue of ¥69.09B, EPS of ¥1.26 on revenue of ¥71B.
Tencent ADR had beat expectations on Tuesday, November 15, 2022 with third quarter EPS of ¥0.4669 on revenue of ¥19.79B, for EPS of ¥0.447 on revenue of ¥20.01B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar