Baidu (BIDU) Tops Q3 EPS by 95c, Offers Q4 Guidance

Baidu (NASDAQ: BIDU) reported Q3 EPS of $3.00, $0.95 better than the analyst estimate of $2.05. Revenue for the quarter came in at $4.16 billion versus the consensus estimate of $4.14 billion.

GUIDANCE:

Baidu sees Q4 2020 revenue of $4.2-4.6 billion, versus the consensus of $4.38 billion.

• For the fourth quarter of 2020, Baidu expects revenues to be between RMB 28.6 billion ($4.2 billion) and RMB 31.3 billion ($4.6 billion), representing a growth rate of -1% to 8% year over year, which assumes that Baidu Core revenue will grow between -1% and 10% year over year.

For earnings history and earnings-related data on Baidu (BIDU) click here.

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