Baidu Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-23

Baidu (NASDAQ:BIDU) Third Quarter 2024 Results Key Financial Results Revenue: CN¥33.6b (down 2.6% from 3Q 2023). Net income: CN¥7.63b (up 14% from 3Q 2023). Profit margin: 23% (up from 19% in 3Q 2023...

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The increase in margin was driven by lower expenses.NasdaqGS:BIDU Earnings and Revenue Growth November 23rd 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates by 58%.Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.Performance of the American Interactive Media and Services industry.The company's shares are down 5.0% from a week ago.While earnings are important, another area to consider is the balance sheet. See our latest analysis on Baidu's balance sheet health.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BIDU":"百度","K3SD.SI":"u BIDU ADR US$+"},"translate_title":"百度2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BIDU":1,"K3SD.SI":0.9},"content_text":"Baidu (NASDAQ:BIDU) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CN¥33.6b (down 2.6% from 3Q 2023).\nNet income: CN¥7.63b (up 14% from 3Q 2023).\nProfit margin: 23% (up from 19% in 3Q 2023). The increase in margin was driven by lower expenses.\nEPS: CN¥21.92 (up from CN¥18.99 in 3Q 2023).\n\n\n\n\n  NasdaqGS:BIDU Earnings and Revenue Growth November 23rd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nBaidu EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 58%. \n Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. \nPerformance of the American Interactive Media and Services industry.\n The company's shares are down 5.0% from a week ago. \nBalance Sheet Analysis\n While earnings are important, another area to consider is the balance sheet. See our latest analysis on Baidu's balance sheet health. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485820327"}