China’s Baidu beats quarterly revenue estimates – WSAU

(Reuters) – Baidu Inc’s third-quarter revenue beat Wall Street estimates on Tuesday, as China’s search engine giant benefited from a recovery in online sales and growth in its cloud and artificial intelligence business.

The company’s revenue rose 2% to 32.54 billion yuan ($4.56 billion) in the three months ended Sept. 30, compared with a Refinitiv consensus estimate from 20 analysts of 31.79 billion yuan. ($1 = 7.

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source: https://news.oneseocompany.com/2022/11/22/chinas-baidu-beats-quarterly-revenue-estimates-wsau_2022112236248.html

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