Earnings

Chinese tech giant reports revenue beat

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Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.

Florence Lo | Reuters

BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months.

The company’s U.S.-listed shares were up around 2% in pre-market trade at 5:00 a.m. ET. The stock is down almost 3% over the year so far.

Revenue grew by 6% year-on-year to 34.45 billion yuan ($4.72 billion) in the quarter that ended Sept. 30. That was slightly higher than analyst expectations of 34.33 billion yuan, according to Refinitiv.

Online marketing revenue at the search engine provider was…



Source cnbc.com

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