Baidu.com (BIDU) Tops Q2 EPS by 4c
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July 29, 2016 1:35 PM EDT
TH Capital downgraded Baidu (NASDAQ: BIDU) from Buy to Hold.
For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.
Shares of Baidu closed at $165.63 yesterday.
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July 29, 2016 10:02 AM EDT
Brean Capital maintained a Buy rating on Baidu.com (NASDAQ: BIDU), and cut the price target to $197.00 (from $220.00), following the company's 2Q earnings report. Revenue came in at RMB 18.26bn, above consensus expectations of RMB 18.17bn. Non-GAAP EPS came in at ~$1.22, exceeding consensus of $1.18.
Analyst Fawne... More
July 29, 2016 9:05 AM EDT
Deutsche Bank maintained a Buy rating on Baidu (NASDAQ: BIDU) and lowered its price target to $182.00 (from $199.00). The change follows an in-line print with soft guidance.
Commenting on results, analyst Alan Hellawell said, "Baidu delivered in-line results; rev grew 10% YoY to RMB18.3bn. Non-GAAP net income declined 19% YoY to RMB2.8bn. The company yet again underspent on subsidies and SG&A (RMB4.2bn vs DBe RMB5.0bn) although... More
July 29, 2016 6:55 AM EDT
Piper Jaffray analyst Gene Munster reiterated an Overweight rating on Baidu (NASDAQ: BIDU) but lowered his price target to $180.00 (from $215.00) following results after the close.
Munster commented, "Baidu reported Q2 revenue in-line with previously lowered guidance due to the difficulties in its medical/pharma segment following... More
