Baidu Inc.: Q3 Earnings Snapshot

BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Thursday reported third-quarter earnings of $1.09 billion.

On a per-share basis, the Beijing-based company said it had profit of $3.08. Earnings, adjusted for one-time gains and costs, were $2.37 per share.

The web search company posted revenue of $4.78 billion in the period.

Baidu Inc. shares have dropped 27% since the beginning of the year. The stock has dropped 22% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIDU at https://www.zacks.com/ap/BIDU