Baidu Announces First Quarter 2015 Results
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May 1, 2015 6:50 AM EDT
Jefferies downgraded Baidu (NASDAQ: BIDU) from Buy to Hold with a price target of $196.00 (from $253.00).
Analyst Cynthia Meng commented, "1Q15 revenue missed Street by 1%, with 2Q guidance weaker than expected. Despite large recurring investments in O2O, we hold the view... More
April 30, 2015 1:06 PM EDT
Pacific Crest maintained an Outperform rating on Baidu (NASDAQ: BIDU) but trimmed its price target to $255.00 (from $260.00). The change follows mixed Q1 results. Analyst Cheng Cheng noted revenue came in below his expectations but he views its O2O progress as encouraging and remains positive... More
April 30, 2015 7:42 AM EDT
Piper Jaffray analyst Gene Munster trimmed his price target on Baidu (NASDAQ: BIDU) to $230.00 (from $231.00) following Q1 results but maintained an Overweight rating saying the big picture is intact and the company remains a "best of breed" story.
Munster commented, "Baidu's Q1... More
April 30, 2015 6:13 AM EDT
Oppenheimer analyst Ella Ji reiterated an Outperform rating and $230 price target on Baidu (NASDAQ: BIDU) after Q1 EPS beat and the outlook was largely unchanged.
Ji commented, "1Q15 rev missed by 1% while non-GAAP EPADS of $1.22 beat our $1.19. 2Q growth guidance of 36.5-39.7% brackets our... More
April 29, 2015 4:33 PM EDT
Baidu.com (NASDAQ: BIDU) reported Q1 EPS of $1.22, versus the consensus of $1.13. Revenue for the quarter rose 34% to $2.05 billion.
"Mobile's tremendous momentum continued this quarter, with mobile contributing 50% of total revenue," said Robin Li, chairman and CEO of Baidu. "Baidu is redefining the search box by building... More
