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Baidu Shares Plunge 28.9% Year to Date: Time to Sell the Stock? [Yahoo! Finance]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
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Source: Yahoo! Finance
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm
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US:NASDAQ Investor Relations: ir.baidu.com
the Zacks Computer and Technology sector's growth of 30.6%. This has raised significant concerns about the company's growth trajectory and market positioning. BIDU's latest financial results for third-quarter 2024 paint a concerning picture, with total revenues declining 3% year over year to RMB 33.6 billion ($4.78 billion), signaling persistent weakness across multiple business segments and challenging the company's narrative of AI-driven transformation. Image Source: Zacks Investment Research The company's flagship Baidu Core segment posted flat revenue growth, reflecting ongoing struggles in its online marketing business. While management attempts to paint a positive picture through growth in AI Cloud revenues, which rose 11% year over year, this increase has proven insufficient to offset broader weaknesses in the company's traditional revenue streams. The online marketing segment, which remains Baidu's primary revenue driver, saw a troubling 4% decline to RMB 18.8 billion ($
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BIDU
NEWS
NEWS
- Baidu, Inc. (NASDAQ: BIDU) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.[MarketBeat]
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BIDU
SEC Filings
SEC Filings
- 11/26/24 - Form 144
- 11/25/24 - Form 144/A
- 11/25/24 - Form 144
- BIDU's page on the SEC website
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