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Citi Downgrades Baidu (BIDU) Two-Notches to Sell, Slashes Price Target

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Baidu.com (BIDU) Tops Q3 EPS by 9c; Guides Q4 Revs Slightly Below the Street

October 29, 2012 4:40 PM EDT

Baidu.com (NASDAQ: BIDU) reported Q3 EPS of $1.37, $0.09 better than the analyst estimate of $1.28. Revenue for the quarter came in at $994.6 million versus the consensus estimate of $998.37 million.

Baidu.com sees Q4 2012 revenue of $.9793-1.010 billion, representing a 37.6% to 41.8% year-over-year increase, versus the... More