Company news: Baidu’s (BIDU) quarterly results beat analysts’ estimates

Baidu (BIDU) reported Q4 FY2024 earnings of RMB19.18 per share (versus RMB21.86 per share in Q4 FY2023), beating analysts’ consensus estimate of RMB14.37 per share.

The company’s quarterly revenues amounted to RMB34.124 bln (-2.4% y/y), beating analysts’ consensus estimate of RMB33.395 bln.

BIDU fell to $95.45 (-2.08%) in pre-market trading.