The broader markets suffered an overall down day on Thursday, with the S&P 500 Index off 0.3%, the Dow Jones Industrial Average off 0.2% and the Nasdaq Composite down 0.7%. Amazon.com, Inc. (NASDAQ:AMZN) followed that up with a disappointing quarterly earnings report that has it off about 5% in Friday’s premarket trade.
But Amazon’s not the only company in the earnings spotlight. Baidu Inc (ADR) (NASDAQ:BIDU), LinkedIn Corporation (NYSE:LNKD) and MasterCard Inc (NYSE:MA) also just dished out their latest quarterly results.
Here’s how they did:
Baidu Inc (ADR) (BIDU)
BIDU shares are up solidly after its third-quarter report yesterday.
The Chinese company said it earned RMB3.44 billion ($510 million), or RMB9.92 ($1.46) per share over the three-month period. The figure topped the year-ago quarter’s earnings of RMB3.24 billion ($480 million), or RMB9.28 ($1.37) per share.
Revenue amounted to RMB18.25 billion ($2.69 billion), topping what Baidu raked in a year ago by 6.7%. BIDU said its customer service was improved over its third quarter as the company enforces stricter standards for online marketers.
Baidu’s products were popular during the quarter, though the company says it plans to continue improving them in coming quarters. BIDU plans on focusing on digital assistant Duer and autonomous cars — reasonable moves as AI products break into the industry.
“Looking ahead, we will maintain this focus on delivering the best user experience, while investing in technology and infrastructure to drive long term growth,” said Baidu CFO Jennifer Li.
Also, 90 million Baidu Wallet activated accounts were reached at the end of September 2016, marking a near doubling year-over-year.
BIDU shares were up 4% early Friday.
LinkedIn Corp (LNKD)
Yesterday proved to be a mixed bag for LinkedIn.
The professional networking site reported third-quarter earnings of $1.18 a share, excluding certain items. The consensus estimate called for earnings of 91 cents per share. Revenue also came in slightly above estimates at $960 million, $1 million higher than what analysts projected.
However, the company’s revenue growth decelerated over the period, to 23% year-over-year, versus the 37% YoY increase posted in 2015.
LinkedIn added 17 million professionals to its services last quarter, bringing its total to 467 million people. Premium subscription sales amounted to $162 million.
The site currently is in the process of being acquired by Microsoft Corporation (NASDAQ:MSFT) for $26.2 billion — or $196 per share — in an all-cash deal.
LNKD shares were trading flat after Thursday’s announcement.
MasterCard Inc (MA)
MA shares were advancing in early Friday trade thanks to a strong beat on the top and bottom lines.
MasterCard earned $1.08 per share to top expectations by a dime, and revenues of $2.88 billion easily climbed a bar of $2.75 billion. Those sales were up 16% year-over-year.
The results were boosted by an 11% improvement in gross dollar volume and 9% better worldwide purchase volume, both on local currency bases.
MasterCard is set to open more than 1% higher, which would have shares yet again resetting all-time highs. The company already was up 6% so far in 2016.
