BIDU - What's Going On With Baidu Shares Wednesday? | Benzinga
Baidu Inc (NASDAQ:BIDU) shares are trading lower by 1.9% to $105.51 going into the close of Wednesday’s session. Shares of U.S.-listed Chinese stocks are trading lower in sympathy with Alibaba Group, which fell after reporting third-quarter earnings.
Alibaba’s stock fell by 5.92% after releasing its quarterly earnings report, despite announcing an increase in its share buyback program. Although the company achieved a 5% year-on-year revenue growth to $36.67 billion in the third quarter of fiscal year 2023, it slightly missed the consensus estimate of $36.74 ...