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Baidu revenue outlook falls short, shares plunge

China's leading Internet search company Baidu Inc warned that the transition to a new advertising technology would crimp revenue in the current quarter, sending shares plunging 11 percent. Baidu on Monday forecast revenue in the fourth quarter to range between $174 million and $180 million, below...

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News Stories

Analysts cut Baidu price target as outlook disappoints

News Source: International Business Times | about 1 month ago

Wall Street analysts on Tuesday cut their price targets on Baidu Inc, after China's dominant search engine forecast a sequential decline in fourth-quarter revenue due to the transition to a new Internet advertising technology. Shares of the company...
24/7 Wall St.: Baidu (BIDU): China’s Search Engine Has Clay Feet

News Source: Uinta County News | about 1 month ago

The critical difference is that internet use and the size of the Chinese population should be driving rapid improvements in Baidu’s sales, and they are not. Baidu announced revenue in the third quarter of 2009 was $187.3 million, a 39.1% increase...
SeekingAlpha: Baidu Down over Fifty Bucks After Hours

News Source: Androscoggin News | about 1 month ago

After closing above $430 in regular trading, shares are down over $50 in after-hours trading (12.5%). To illustrate how overbought the stock was heading into the report, even after the $50+ decline it is now trading right at its 50-day moving average...
Baidu 3rd-qtr profit climbs 42 percent, shares fall as outlook misses ...

News Source: Star Tribune | about 1 month ago

Baidu Inc., which runs China's leading Internet search engine, said Monday that its third-quarter profit jumped 42 percent as revenue from online marketing services climbed. American Depositary Shares of Baidu, which also predicted fourth-quarter...
Baidu Profit Jumps, Outlook Disappoints

News Source: Asian Wall Street Journal | about 1 month ago

Baidu Inc.'s third-quarter earnings jumped 42% as the Chinese Internet company continued to gain traction with its new Phoenix Nest online marketing system. However, the company disappointed with its fourth-quarter revenue projection of $174 million...
Baidu revenue outlook falls short, shares plunge

News Source: International Business Times | about 1 month ago

China's leading Internet search company Baidu Inc warned that the transition to a new advertising technology would crimp revenue in the current quarter, sending shares plunging 11 percent. Baidu on Monday forecast revenue in the fourth quarter to...