Company Earnings UpdateBaidu (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Holiday 2025: US Consumer Survey and Retail Outlook—From Social to Smart: AI Becomes the New Driver of Holiday Discovery and ValueNRF 2025: Retail’s Big Show—Top 10 Tech Themes, from Computer Vision and RFID to AI-Powered Associate DevicesWeekly US and UK Store Openings and Closures Tracker 2025, Week 10: US Store Openings Exceed 2,000Consumer Sentiment Largely Holds Steady in December After November Highs: China Consumer Survey Insights
