Baidu beats in Q3 with revenue of $4.95B, up 13% YoY, Core revenue of $3.83B, up 15% YoY, and losses of $2.6B; stock down 5%+ (Joe Woelfel/Barron's Online)
Baidu beats in Q3 with revenue of $4.95B, up 13% YoY, Core revenue of $3.83B, up 15% YoY, and losses of $2.6B; stock down 5%+ — Baidu, the Chinese search-engine giant, reported a third-quarter loss of 16.6 billion yuan ($2.6 billion) after recording significant charges, but revenue jumped 13% and beat analysts' estimates.
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