Baidu reports Q1 revenue of $3.5B, up 15% YoY, and a net loss of $47.5M, its first net loss since going public in 2005; stock down 9%+ after hours (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg:
Baidu reports Q1 revenue of $3.5B, up 15% YoY, and a net loss of $47.5M, its first net loss since going public in 2005; stock down 9%+ after hours — - Company's American depository receipts drop more than 7% — Board authorizes new $1 billion share repurchase program
from Techmeme http://bit.ly/2WeVC5C
Baidu reports Q1 revenue of $3.5B, up 15% YoY, and a net loss of $47.5M, its first net loss since going public in 2005; stock down 9%+ after hours (Zheping Huang/Bloomberg)
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May 17, 2019
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