These Analysts Revise Their Forecasts On Baidu After Q3 Earnings

Baidu, Inc. (NASDAQ:BIDU) reported a decline in revenue and negative free cash flow for the third quarter on Tuesday.The company reported quarterly revenue of $4.38 billion, a decline of 7% year-on-year (Y/Y), topping analysts' consensus estimate of $4.31 billion.Despite the revenue shortfall, Baidu's adjusted earnings per American Depositary Share (ADS) came in at $1.56, exceeding the forecast of 91 cents.CEO Robin Li highlighted strong momentum in AI Cloud as more enterprises adopt Baidu's AI products and ...