Baidu Earnings Fall Short with ¥0.99, Profits Below Expectations

According to Baidu's (NASDAQ: BIDU) report, the earnings per share for the third quarter were ¥16.60, which is ¥0.99 lower than analysts' expectations of ¥17.59. The reported profit for this quarter was set at ¥33.56 billion, while analyst forecasts were ¥33.61 billion.

Baidu's stock closed the day at ¥86.75. This level indicates that the company has gained 1.23% in value over the last three months. However, it shows a decline of 27.78% over the past 12 months. Baidu has seen 2 positive earnings per share and 11 negative earnings per share over the last 90 days.

You can review Baidu's stock price reactions to past earnings reports here. According to InvestingPro, Baidu's financial health score is "Fairly Good". Explore the latest earnings reports and all financial information about Baidu here. Stay updated on all developments related to balance sheets by visiting the Investing.com Earnings Calendar.