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Baidu beats quarterly revenue estimates -Breaking

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© Reuters. FILE PHOTO: A emblem of Baidu is seen in the course of the World Web Convention (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Music

(Reuters) – China’s Baidu Inc (NASDAQ:) on Wednesday reported quarterly income above Wall Road estimates, helped by stronger promoting gross sales and demand for its synthetic intelligence and cloud merchandise.

The corporate stated whole income was 31.92 billion yuan ($5.00 billion) within the third quarter, topping analysts’ common estimate of 31.71 billion yuan, in line with IBES information from Refinitiv.

($1 = 6.3811 renminbi)

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