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;
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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.