Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BIDU-SW Once Shrinks 10% in Early Session as It Sold Off Post-results
Recommend 4 Positive 16 Negative 11 |
||||
|
||||
|
BIDU-SW (09888.HK) was under pressure after the results announcement, and its US ADR, Baidu, Inc. (BIDU.US), closed down 5.9% to US$81.63 overnight (21st). Today (22nd), BIDU-SW's H-shares opened 5.43% lower before its decline intensified in the early session, and eroded 10.3% to a low of $75.2. The stock last printed at $77.2, down 7.93%, with 2.9586 million shares traded, involving $229 million. BIDU-SW's 3Q24 non-GAAP net profit fell 19% YoY to RMB5.89 billion. Revenue amounted to about RMB33.557 billion, down 2.6% YoY. Morgan Stanley released a research report believing that BIDU-SW's revenue was in line with expectations in the last quarter, while its earnings slightly beat. Therefore, the broker kept rating at Equalweight on its US stock. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
