Baidu Inc. (BIDU) revealed a profit for fourth quarter that Drops, from last year
The company's earnings came in at RMB1.782 billion, or RMB3.71 per share. This compares with RMB5.192 billion, or RMB14.26 per share, last year.
Excluding items, Baidu Inc. reported adjusted earnings of RMB3.907 billion or RMB10.62 per share for the period.
The company's revenue for the period fell 4.1% to RMB32.740 billion from RMB34.124 billion last year.
Baidu Inc. earnings at a glance (GAAP) :
-Earnings: RMB1.782 Bln. vs. RMB5.192 Bln. last year.-EPS: RMB3.71 vs. RMB14.26 last year.-Revenue: RMB32.740 Bln vs. RMB34.124 Bln last year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.