Baidu Inc. Reports Decline In Q2 Income
(RTTNews) - Baidu Inc. (BIDU) revealed earnings for second quarter that Drops, from last year
The company's bottom line totaled RMB2.319 billion, or RMB5.74 per share. This compares with RMB7.322 billion, or RMB20.35 per share, last year.
Excluding items, Baidu Inc. reported adjusted earnings of RMB2.573 billion or RMB7.22 per share for the period.
The company's revenue for the period fell 4.2% to RMB31.325 billion from RMB32.713 billion last year.
Baidu Inc. earnings at a glance (GAAP) :
-Earnings: RMB2.319 Bln. vs. RMB7.322 Bln. last year. -EPS: RMB5.74 vs. RMB20.35 last year. -Revenue: RMB31.325 Bln vs. RMB32.713 Bln last year.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.