Company news: Baidu’s (BIDU) quarterly earnings miss analysts’ expectations

Baidu (BIDU) reported Q3 FY2024 earnings of RMB16.60 per share (versus RMB20.40 per share in Q3 FY2023), missing analysts’ consensus estimate of RMB17.46 per share.

The company’s quarterly revenues amounted to RMB33.557 bln (-2.6% y/y), roughly in line with analysts’ consensus estimate of RMB33.544 bln.

BIDU fell to $84.50 (-2.59%) in pre-market trading.