Scalper1 News
Increasing momentum in mobile growth buoyed China search leader Baidu (BIDU) to a Q3 EPS beat late Wednesday, sending its stock to an all-time high Thursday despite a slight revenue miss. Baidu stock was up 4% in morning trading in the stock market today, near 234. The stock earlier rose above 237, an all-time high. “Margin came in well above expectations, mainly due to lower than we expected cost of revenue and operating expense,” wrote JC Scalper1 News
Scalper1 News