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Baidu 3rd-qtr profit more than doubles
2017年10月26日 / 晚上8点48分 / 25 天前

Baidu 3rd-qtr profit more than doubles

Oct 26 (Reuters) - China’s Baidu Inc reported a quarterly profit on Thursday that more than doubled, compared to a year earlier, helped by the search engine giant’s spending control on traffic acquisition costs.

Net income attributable to Baidu rose to 7.95 billion yuan ($1.20 billion) in the third quarter ended Sept. 30 from 3.10 billion yuan, a year earlier.

Baidu’s total revenue rose to 23.49 billion yuan from 18.25 billion yuan. ($1 = 6.64 yuan) (Reporting by Munsif Vengattil in Bengaluru and Cate Cadell in Beijing; Editing by Shounak Dasgupta)

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