Company Earnings Update 2 minutesRegister for Free AccessBaidu (BIDU) 3Q17 Results: Revenues Grow on Higher Spending Per Customer, Earnings Rise on Disposal of Baidu Deliveries Coresight Research October 27, 2017 Executive Summary Baidu reported 3Q17 revenues reached ¥23.5 billion, up 28.7% year over year and in line with the consensus estimate. Non-GAAP diluted earnings per ADS of ¥25.94, up 161.5% year over year, to beat the consensus of ¥13.48.. The significant rise in earnings was primarily driven by the disposal of Baidu Deliveries, as well as revenue growth and improvement in the operating margin. Management expects the topline for 3Q17 to be in the range of ¥22.23–¥23.41 billion, representing a year-over-year increase of 22%–29%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Responses to Inflation and Financial Resilience—Strategic Purchasing Behavior: US Consumer Survey InsightsFive Trends in US Food CPG: Transparency, Sustainability and Technology Lead the WayInnovator Profile: Kodif—Transforming Customer Support with AI-Powered AutomationWeinswig’s Weekly: Amazon Moves About $10 Billion Worth of Goods This Prime Day
