All Posts Tagged Tag: ‘Robin Li’
Chinese search company Baidu shows no signs of slowing down when it comes to making money. Late yesterday, the company released its fourth quarter earnings report, and analysts’ expectations were surpassed in pretty much every respect.
To sort of cut to the chase: Baidu’s stock is up 6.69 percent in early morning trading, which shows the degree to which the company impressed investors. Jumps like that don’t occur on an everyday basis.
Baidu, China’s equivalent of Google, released another earnings report last night, and the company’s continuing to impress onlookers at every turn. Baidu beat analysts’ estimates and made some very positive predictions regarding the next quarter.
Here are the key stats: the company’s revenue climbed 36.7 percent on a year-over-year basis, reaching $160.7 million compared to forecasts of $158 million. Also, it reported earnings of $1.61 per share, even though analysts only expected to see something like $1.44.