UPDATE: Baidu.com (BIDU) Tops Q3 EPS Views; Issues Light Q4 Revenue Outlook
Baidu.com (NASDAQ: BIDU) reported Q3 EPS of $1.48, $0.40 better than the analyst estimate of $1.08. TAC was $389 million. Revenue was $2.74 billion versus the consensus of $2.71 billion.
Third Quarter 2016 Operational Highlights
- Mobile search monthly active users (MAUs) were 660 million for the month of September 2016, an increase of 3% year-over-year
- Mobile maps MAUs were 348 million for the month of September 2016, an increase of 7% year-over-year
- Gross merchandise value[2] (GMV) for Transaction Services totaled RMB19.4 billion ($2.9 billion) for the third quarter of 2016, an increase of 49% year-over-year
- Baidu Wallet activated accounts reached 90 million at the end of September 2016, an increase of 99% year-over-year
Outlook:
Baidu sees Q4 revenue of $2.675 - $2.756 billion, versus the consensus of $2.89 billion.
For earnings history and earnings-related data on Baidu.com (BIDU) click here.