Although results were still weaker compared with the year-ago period, both earnings and revenue bounced back from the historically low levels seen earlier this year. Baidu stock fell sharply earlier this year as the company suffered from soft demand and fierce competition in China’s online advertising industry. The company posted its first net loss since going public in 2005 during the first three months of 2019, although earnings later bounced back to the positive territory in the June quarter. Read More...
Although results were still weaker compared with the year-ago period, both earnings and revenue bounced back from the historically low levels seen earlier this year. Baidu stock fell sharply earlier this year as the company suffered from soft demand and fierce competition in China’s online advertising industry. The company posted its first net loss since going public in 2005 during the first three months of 2019, although earnings later bounced back to the positive territory in the June quarter.
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