Chinese search engine operator Baidu said it swung to a profit of 5.83 billion yuan while revenue rose 10% to 28.41 billion yuan. In dollar terms, its...
Chinese search engine operator Baidu BIDU said it swung to a profit of 5.83 billion yuan while revenue rose 10% to 28.41 billion yuan. In dollar terms, its adjusted earnings were $2.34 on revenue of $4.54 billion. Analysts polled by FactSet expected earnings of $1.76 on revenue of $4.32 billion. The company said its non-GAAP operating margin for its core operations rose to 23% from 17%.
... Chinese search engine operator Baidu BIDU said it swung to a profit of 5.83 billion yuan while revenue rose 10% to 28.41 billion yuan. In dollar terms, its adjusted earnings were $2.34 on revenue of $4.54 billion. Analysts polled by FactSet expected earnings of $1.76 on revenue of $4.32 billion. The company said its non-GAAP operating margin for its core operations rose to 23% from 17%.
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