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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
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December 17, 2014
13:16 EDTBIDUBaidu, Uber confirm strategic partnership
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06:12 EDTBIDUBaidu to take stake in Uber, Reuters reports
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December 12, 2014
09:35 EDTBIDUActive equity options trading
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06:10 EDTBIDUBaidu to take stake in Uber, WSJ reports
Baidu (BIDU) will invest in cab service Uber Technologies, Wall Street Journal reports, citing a person familiar with the matter. Baidu said it plans to announce an investment in a U.S. startup on Dec. 17, the paper adds. Marbridge Daily yesterday reported that Baidu is rumored to invest up to $600M in Uber. Reference Link
December 11, 2014
10:17 EDTBIDUCiti upbeat on Google in face of pending Apple decision on Safari
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09:11 EDTBIDUBaidu rumored to invest up to $600M in Uber, Marbridge Daily says
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08:09 EDTBIDUGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 5, 2014
09:36 EDTBIDUActive equity options trading
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December 4, 2014
09:37 EDTBIDUActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT

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