Baidu Q3 Adj. EPADS $2.80 Up From $2.37 YoY, Sales $4.72B Up From $4.57B YoY
Portfolio Pulse from Benzinga Newsdesk
Baidu reported an 18.14% increase in adjusted earnings per share (EPS) to $2.80 in Q3, up from $2.37 YoY. Sales rose 3.21% to $4.72B from $4.57B YoY.
November 21, 2023 | 9:10 am
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POSITIVE IMPACT
Baidu's Q3 earnings surpassed last year's with an 18.14% increase in EPS and a 3.21% rise in sales, indicating continued growth.
The reported increase in both EPS and sales suggests a positive performance for Baidu, which is likely to be well-received by investors and could lead to a short-term uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100