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The net income of the Chinese Internet giant Baidu in the second quarter of 2018 increased by 45% in annual terms, or 1.5 times, to 6 billion 400 million yuan. Adjusted earnings per share were 21.06 yuan, while analysts had predicted 16.46 yuan per share. Revenues grew 24% to 25 billion 970 million yuan. A significant increase in quarterly figures was due to increased advertising revenue, as well as the demand for personalized news and projects related to artificial intelligence. The growth of revenues from Internet advertising amounted to 25%, from other services - 64%. The company increased the price of content by 67.5%, operating expenses - by 12.3%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
KYC Policy