Scalper1 News
Baidu (BIDU) received at least three ratings downgrades and saw its stock tumble on Tuesday to a 13-month low after the company, China’s Internet search leader, missed on Q2 earnings and gave weak revenue guidance late Monday amid continued heavy spending on its emerging online-to-offline (O2O) subsidiary. Baidu stock was down 17% to 163.60 in afternoon trading in the stock market today. Baidu is about to enter “several years of low earnings Scalper1 News
Scalper1 News