Baidu’s (NASDAQ:BIDU) stock fell about 3% premarket on Thursday following its mixed third quarter results.
The Chinese internet search giant’s non-GAAP earnings per American depositary share, or ADS, tumbled 19% year-over-year to RMB16.60, or $2.37, missing estimates. Meanwhile, total revenue declined 3% year-over-year to RMB33.56B, or $4.78B, but beat analysts’ estimates.