Scalper1 News
China search leader Baidu late Wednesday posted Q1 revenue and gave Q2 revenue guidance that both missed expectations, and its shares were down after hours. The company also posted its first year-over-year drop in EPS in at least 18 quarters, but still handily beat Wall Street expectations. Baidu has warned that rising competition and its increasing focus on for-now-less-lucrative mobile users would pressure profit. “Mobile’s tremendous momentum Scalper1 News
Scalper1 News