Baidu swings to Q3 profit, citing ‘recovery’ in China

+1.90% rose 1% in after-hours Monday after the Chinese internet giant reported a third-quarter profit above Wall Street expectations and said it had been able to sidestep China’s second COVID-19 wave. Baidu said it earned $2 billion, or $5.86 per ADR, in the quarter, reversing a loss of $2.63 per ADR in the year-ago period.…

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