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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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November 17, 2015
06:12 EDTBIDUBaidu to partner with Citic Bank to launch online bank, Financial Times reports
Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link
November 15, 2015
13:12 EDTBIDUBaidu shares look attractive on O2O potential, Barron's says
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November 12, 2015
08:29 EDTBIDUPerfect World rumored to buy literature business back from Baidu, Marbridge says
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