SHARE

Shares of Baidu Inc (ADR) (NASDAQ:BIDU) ended Thursday session in red amid volatile trading. The shares closed down -5.19 points or -3.08% at $163.47 with 3.96 million shares getting traded. Post opening the session at $168.91, the shares hit an intraday low of $162.00 and an intraday high of $169.12 and the price vacillated in this range throughout the day. The company has a market cap of $55.96 billion and the numbers of outstanding shares have been calculated to be 27.17 million shares.

Baidu Inc (ADR) (BIDU) recently declared its unaudited financial results for the third quarter ended September 30, 2016.

Total revenues in the third quarter of 2016 were RMB18.253 billion ($2.737 billion), a 0.7% decrease from the corresponding period in 2015, and 6.7% year-over-year increase, apart from Qunar[3] in the third quarter of 2015. Mobile revenue represented 64% of total revenues for the third quarter of 2016, contrast to 54% for the corresponding period in 2015.

Operating profit in the third quarter of 2016 was RMB2.787 billion ($417.9 million), an 11.0% increase from the corresponding period in 2015. Transaction Services reduced non-GAAP operating margins by 21.4 percentage points and iQiyi further reduced non-GAAP operating margins by 7.7 percentage points for the third quarter of 2016.

Net income attributable to Baidu in the third quarter of 2016 was RMB3.102 billion ($465.2 million), a 9.2% increase from the corresponding period in 2015. Diluted earnings attributable to Baidu per ADS for the third quarter of 2016 were RMB8.51 ($1.28); non-GAAP net income attributable to Baidu[4] in the third quarter of 2016 was RMB3.447 billion ($516.9 million), a 6.3% increase from the corresponding period in 2015; non-GAAP diluted earnings per ADS[5] for the third quarter of 2016 were RMB9.92 ($1.49).

Shares of Lifelock Inc (NYSE:LOCK) ended Thursday session in red amid volatile trading. The shares closed down -0.17 points or -0.95% at $17.64 with 1.56 million shares getting traded. Post opening the session at $17.92, the shares hit an intraday low of $17.63 and an intraday high of $18.13 and the price vacillated in this range throughout the day. The company has a market cap of $1.67 billion and the numbers of outstanding shares have been calculated to be 94.15 million shares.

Lifelock Inc (LOCK) recently declared financial results for the third quarter ended September 30, 2016.

Third Quarter 2016 Financial Highlights:

Revenue: Total revenue was $170.3 million for the third quarter of 2016, up 12% from $152.0 million for the third quarter of 2015. Consumer revenue was $161.7 million for the third quarter of 2016, up 12% from $144.6 million for the third quarter of 2015. Enterprise revenue was $8.6 million for the third quarter of 2016, up 18% from $7.3 million for the third quarter of 2015.

Net Income: Net income was $14.4 million for the third quarter of 2016, contrast with net loss of $65.1 million for the third quarter of 2015. The net loss for the quarter ended September 30, 2015 included the accrual of $96 million for the settlement with the FTC and related litigation. Net income per diluted share was $0.15 for the third quarter of 2016 based on 97.3 million weighted-average shares outstanding, contrast with net loss per diluted share of $0.68 for the third quarter of 2015 based on 95.3 million weighted-average shares outstanding.

 

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here