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: Quality Spaces and Tenant Diversity Are Keys to Profitability: The Future of Malls—Part 2Oracle 2023 Analyst Meeting: Cloud and Database Tech, Generative AI-Powered Cloud Applications, Growth TrajectoryWeekly US and UK Store Openings and Closures Tracker 2023, Week 42: US Store Openings Surpass 5,000Showfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession Model