Baidu Announces Third Quarter 2019 Results
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November 7, 2019 6:58 AM EST
Mizuho Securities analyst James Lee raised the price target on Baidu (NASDAQ: BIDU) to $175.00 (from $165.00) while maintaining a Buy rating following the company's 3Q. Baidu core revenue was up 2% YoY vs consensus of 0%. Guidance for 4Q19 beat consensus by 300 bps, at 3% YoY growth at... More
November 6, 2019 4:32 PM EST
Baidu.com (NASDAQ: BIDU) reported Q3 EPS of $1.79, $0.68 better than the analyst estimate of $1.11. Revenue for the quarter came in at $3.93 billion versus the consensus estimate of $3.88 billion.
"Baidu App traffic continues to grow robustly with DAUs reaching 189 million, up 25% year over year, in September and Baidu's in-app search continues to gain market share. Our focus to combine search and feed and... More
