Shares of Chinese multinational technology company Baidu, Inc. (BIDU) slipped 5.5% on Wednesday after the company missed revenue estimates for the third quarter of 2021. The stock lost another 0.3% in the extended trading session to end the day at $161.40. Headquartered in Beijing's Haidian District, Baidu offers Internet-related services and products and artificial intelligence (AI). Earnings and Revenue Adjusted earnings declined 28% year-over-year to $2.28 per share but beat the Street’s estimate of $2.07 per share. Total revenues increased 13% to $4.95 billion and fell just short of analysts’ expectations of $4.99 billion. Segment Revenues Revenue from Baidu Core grew 15% year-over-year to $3.
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