BIDU241122C100000
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Baidu Newsroom
Earnings Preview: Baidu to Report Financial Results Pre-market on November 21
$Baidu(BIDU.US)$ is scheduled to release its financial results pre-market on November 21 ET. Earnings PreviewAnalysts estimate $Baidu(BIDU.US)$ to post revenue of CNY33.66B for 2024Q3, down 2.28% YoY;
Nvidia, Super Micro Computer, Tesla, Netflix, and More Stock Market Movers
Investment rating and target price for Baidu (09888.HK) in Daxing table
Baidu-SW (09888.HK) will announce its third-quarter business results for this year after the market closes this Thursday (the 21st). Affected by challenges in the mainland macroeconomic environment (weaker willingness to advertise in verticals such as real estate, transportation, and business recruitment), according to a compilation of forecasts from 9 brokerages, Baidu's unaudited net profit under non-GAAP for the third quarter of 2024 is expected to be between 5.709 billion and 6.873 billion RMB, a decrease of 5.4% to 21.4% compared to 7.267 billion RMB in the third quarter of 2023. The median value is 6.2 billion RMB, a decrease of 14.7% year-on-year. Citi expects the market to focus on the company's management.
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Express News | Former baidu Vice President Yin Shiming joins Google Cloud as the Greater China region president.
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Express News | The open-source Euler community has welcomed nine new corporate donors, including baidu smart cloud, Arm, and beijing baolande software corporation.
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How do foreign investors adjust their positions in Chinese stocks? Alibaba and jd.com frequently appear in the news, while Buffett builds his position to 'lift' a Hong Kong stock.
① The 13F quarterly reports for US stocks have been released. How are Wall Street institutions adjusting their positions on Chinese stocks? ② Buffett's investment in domino's is boosting a Hong Kong stock. What are the highlights?
Wall Street is 'cautiously optimistic'! Prototype of 'The Big Short' increases bet in Q3 on three Chinese tech giants.
Aggressively increasing shareholding in Alibaba, jd.com, and baidu.
Baidu Group - SW (09888.HK): Advertising business under temporary pressure, inspiring words to move forward.
Baidu's 24Q3 performance forecast: We expect Baidu's total revenue in 24Q3 to be 33.6 billion yuan, a decrease of 2.5% year-on-year; Non-GAAP net income is expected to be 6.2 billion yuan, a decrease of 14% year-on-year.
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David Tepper, who enthusiastically recommends buying china, is reducing his shareholding in Alibaba and increasing his shareholding in pdd holdings and jd.com.
The fund under Tepper increased its position in china by 12 percentage points to 38% compared to the previous quarter, reducing its holdings in Alibaba stocks by about 5%, while the positions in baidu, large cap etf, and index etf related to internet plus also decreased, and it added more than double the shares of pdd holdings as well as some shares of jd.com and ke holdings.