Scalper1 News
Baidu late Monday reported mixed Q2 results and gave weak revenue guidance, sending the China search giant’s stock tumbling in after-hours action. Revenue rose 38% to $2.67 billion, snapping a four-quarter string of decelerating growth. Analysts polled by Thomson Reuters had $2.66 billion. Baidu’s (BIDU) reported earnings per U.S. share was $1.64, up from $1.63 a year earlier but apparently missing analyst estimates for $1.71. Scalper1 News
Scalper1 News