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Baidu's Net Doubles; In-line Oulook Disappoints

Aggregated Source: Seeking Alpha China stocks
October 26, 2007|

Baidu.com fell 4.2% to $320.20 in late trading Thursday, following the company's third-quarter earnings release in which its Q4 revenue outlook, in-line with analyst estimates, disappointed investors. Still, Baidu's Q3 net income more than doubled to 181.7 million yuan, or $24.2M ($0.70/share), with adjusted EPS of $0.72 beating estimates of $0.70.

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