Baidu reported flat revenue growth and a 62% drop in net profit for the quarter through June. Expectations were so low that the results beat estimates and stock jumped 8% in after-hours trading. Privately
Search-engine giant warns its bread-and-butter advertising business will remain under pressure BEIJING—China’s economic downturn helped drive search-engine giant Baidu Inc. to its weakest quarterly revenue
(Reuters) - Chinese internet search giant Baidu Inc beat quarterly earnings estimates on Monday after signing more people up to its video streaming service, sending its shares higher in a relief rally.
Hong Kong (CNN Business) — Baidu has had an abysmal year. But investors aren't ready to write off the company just yet. The Chinese search giant reported that net profit dropped a whopping 62% in the recent