Scalper1 News
Baidu (BIDU) stock fell sharply Thursday after China’s search leader reported Q1 revenue below Wall Street expectations and gave soft Q2 guidance, even as the company spent heavily to advance its mobile business in the face of competition from Alibaba (BABA) and others. The number of active online marketing customers remained relatively steady at 524,000 compared to Q4, Baidu said. However, those customers spent 9.8% less in Q1 than in Q4, Baidu Scalper1 News
Scalper1 News