Baidu (BIDU) Q4 Tops Views, But Falls on Subdued FY13 Guidance
Tweet Send to a Friend
Get Alerts BIDU Hot Sheet
Trade BIDU Now!
Shares of Baidu.com (NASDAQ: BIDU) declined after-hours on Monday following the release of the China search giant's Q4 results. While EPS topped estimates, revenue guidance was light and the company reported a spike in traffic acquisition costs (TAC), which may have weighed on investors sentiment.
Baidu reported Q4 revenue of $1.02 billion, a 42 percent increase compared to 2011, and about in-line with estimates of 1 billion. The company reported Q4 EPS of $1.31, $0.02 better than the analyst estimate of $1.29. TAC rose 9.6 percent compared to 7.9 percent last year.
Looking forward, Baidu expects Q1 revenue of $945.4 to $975.9 million. This puts mid-point revenue guidance at $960.65, compared to the consensus of $967.1 million. Year-over-year revenue growth is expect to be 42.6 percent at the high end, a deceleration from 2012 growth of 53.8 percent.
Shares of Baidu last traded at $102.01, down 4.8 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Baidu reported Q4 revenue of $1.02 billion, a 42 percent increase compared to 2011, and about in-line with estimates of 1 billion. The company reported Q4 EPS of $1.31, $0.02 better than the analyst estimate of $1.29. TAC rose 9.6 percent compared to 7.9 percent last year.
Looking forward, Baidu expects Q1 revenue of $945.4 to $975.9 million. This puts mid-point revenue guidance at $960.65, compared to the consensus of $967.1 million. Year-over-year revenue growth is expect to be 42.6 percent at the high end, a deceleration from 2012 growth of 53.8 percent.
Shares of Baidu last traded at $102.01, down 4.8 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Wal-mart (WMT) Posts Q1 EPS of $1.14; U.S. Comps Down 1.4%; Guides Q2 EPS
- Kohls Corp. (KSS) Tops Q1 EPS by 8c; Comps Down 1.9%; Guides Q2
- iSoftStone Holdings (ISS) Tops Q1 EPS by 1c; Guides Q2, FY13
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
