Flash Report 2 minutesRegister for Free AccessBAIDU [BIDU] 3Q16 RESULTS: REVENUE DECLINES, BUT EARNINGS BEAT ON COST SAVINGS Coresight Research October 31, 2016 Executive Summary Baidu reported 3Q16 non-GAAP diluted EPS of US$49, ahead of the US$1.08 consensus estimate and up 6.9% year over year. Revenues were US$2.74 billion, down 0.7% year over year and in line with estimates. Baidu’s gross merchandise value totaled ¥19.4 billion (US$2.9 billion) for 3Q16, an increase of 49% year over year. Mobile search monthly active users (MAU) and mobile maps MAUs for the month of September 2016 were up 3% YoY and 7% year over year, Management guided for 4Q16 total revenues of ¥17.84–¥18.38 billion (US$2.68–US$2.76 billion), representing a 1.7–4.6% year-over-year decrease. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Retail Shrink and ORC: Cart-Based Loss Is on the Rise; New Tech Solutions Seek To Address Retail TheftShoptalk 2023 “Shark Reef” Startup Pitch Competition: Recap—12 Innovators, Two WinnersRetail Around the World: Coresight Research Observations, 3Q23Weekly US and UK Store Openings and Closures Tracker 2024, Week 7: Pandora Announces Store Expansion Plans