Baidu, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015; Provides Revenues Guidance for the Third Quarter of 2015
Jul 27 15
Baidu, Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported total revenue of RMB 16,575,238,000 against RMB 11,985,782,000 a year ago. Operating profit was RMB 3,469,693,000 against RMB 3,558,270,000 a year ago. Income before income taxes was RMB 4,014,055,000 against RMB 3,937,495,000 a year ago. Net income attributable to the company was RMB 3,662,013,000 or RMB 101.86 per diluted share against RMB 3,546,696,000 or RMB 100.91 per diluted share a year ago. Non-GAAP operating profit was RMB 3,824,418,000 against RMB 3,778,822,000 a year ago. Non-GAAP net income attributable to the company was RMB 4,016,738,000 against RMB 3,767,248,000 a year ago. Net cash provided by operating activities was RMB 5,727,404,000 against RMB 4,127,577,000 a year ago. Capital expenditures were RMB 923,146,000 against RMB 863,717,000 a year ago. Adjusted EBITDA was RMB 4.707 billion, representing a 4.7% increase from the corresponding period in 2014.
For the third quarter of 2015, the company currently expects to generate total revenues in an amount ranging from RMB 18.170 billion to RMB 18.580 billion, representing a 34.4% to 37.4% year-over-year increase.
Baidu Still Reportedly Interested In Acquiring Nokia's Mapping Service
Jul 27 15
The internet newspaper Re/code says that Baidu Robin Li, Chief Executive Officer of Baidu, Inc. (NasdaqGS:BIDU), is still interested in acquiring Nokia Corporation (HLSE:NOK1V)'s mapping service.
Uber Is Reportedly Out Of The Race For Nokia's Here Business
Jul 10 15
Uber Technologies, Inc. has reportedly dropped out of the race for HERE Holding Corporation of Nokia Corporation (HLSE:NOK1V). Back in May, Uber and Baidu, Inc. (NasdaqGS:BIDU) backed by Apax, were reportedly teaming up on a joint bid for Here. Uber was also said to have already made a $3 billion offer to Nokia.
Baidu, Bank of China Form Strategic Partnership on Online Financial Services
Jul 9 15
Baidu entered into a strategic cooperation agreement with Bank of China in Beijing. Under the terms of the agreement, both companies will conduct comprehensive cooperation in the online financial sector, including providing credit services for small and medium-sized enterprises within the system of Baidu and exploring opportunities in the field of personal financial services.
Baidu, Inc. to Report Q2, 2015 Results on Jul 27, 2015
Jul 8 15
Baidu, Inc. announced that they will report Q2, 2015 results at 8:00 PM, US Eastern Standard Time on Jul 27, 2015