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) - TechnW3

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) - TechnW3

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.

from TechnW3