Scalper1 News
Baidu (BIDU) ended 2013 with more than 100 million active mobile customers, driving its Q4 revenue beat and sending Baidu stock rising on Thursday. The company posted its Q4 results late Wednesday. “Mobile indeed was very strong” in Q4, Wedge Partners analyst Juan Lin told IBD via email. About 20% of the company’s revenue came via mobile, up from 10% six months prior. The company had 14 mobile apps at year’s end. “We forecast mobile revenue to Scalper1 News
Scalper1 News