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Stock Market & Financial Investment News

News Breaks
February 1, 2013
11:52 EDTBIDUEarnings Preview: Baidu shares down almost 5% since last earnings report
Baidu (BIDU) is expected to report Q4 earnings after the market close on Monday, February 4 with a conference call scheduled for 8:00 pm ET. Baidu is a Chinese web services company that provides a search engine for web pages, audio files and multimedia... EXPECTATIONS: Analysts are looking for EPS of $1.29 on revenue of $1.0B. The consensus range is $1.21-$1.36 for EPS, and $991.73M-$1.02B for revenue, according to First Call... LAST QUARTER: Baidu reported Q3 EPS $1.39 against estimates of $1.31, on revenue of $994.6M against estimates of $992.79M. The company also provided Q4 revenue guidance of $973.3M-$1.01B... STREET RESEARCH AND NEWS: Most analyst firms have remained cautious on Baidu. The company was downgraded at Citigroup and Barclays, citing weak mobile monetization, a slowdown in search revenues, and increasing competition from other companies like Qihoo (QIHU). Citigroup added that Baidu will have a challenging 2013, saying that acquisitions will not solve the company's problem with monetizing mobile traffic. Piper Jaffray said that estimates for Baidu need to come down, currently expecting FY13 EPS of $5.41 vs. consensus of $5.91.... PRICE ACTION: Baidu shares have fallen almost 5% since the first day of trading following the company's Q3 report, although the stock bottomed in early December at ~$88 and have since risen to above $108. In Friday midday trading ahead of Q4 report, Baidu shares are trading near flat at $108.40.
News For BIDU From The Last 14 Days
Check below for free stories on BIDU the last two weeks.
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July 21, 2014
10:49 EDTBIDUBaidu advances following Morgan Stanley upgrade
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07:26 EDTBIDUBaidu upgraded to Overweight from Equal Weight at Morgan Stanley
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July 18, 2014
05:21 EDTBIDUChangyou.com appoints Rucia Ren as acting CFO
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July 15, 2014
07:46 EDTBIDUBaidu looking to strike game partnerships in Canada, Globe & Mail says
Baidu is meeting with game developers in Vancouver and Toronto to see if it can strike relationships as the Chinese search giant looks to build on the 40% shares of China's games market on the Android platform that it currently holds, reported The Globe & Mail. Reference Link
July 14, 2014
08:23 EDTBIDU, BIDUBaidu likely to report Q2 upside, says CLSA
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July 8, 2014
08:19 EDTBIDUBaidu one of best Chinese Internet names ahead of results, says Pacific Crest
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