Baidu Announces Fourth Quarter and Fiscal Year 2016 Results
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Baidu's (BIDU) Price Target Trimmed at Deutsche Bank
February 24, 2017 8:16 AM ESTDeutsche Bank maintained a Hold rating on Baidu (NASDAQ: BIDU) and lowered its price target to $181.00 (from $194.00). The change followed Q4 results and weak Q1 guidance.
"Baidu 4Q rev missed DBe by 2%, but the company delivered a strong bottomline beat on a... More
Baidu.com (BIDU) Tops Q4 EPS by 2c
February 23, 2017 4:32 PM ESTBaidu.com (NASDAQ: BIDU) reported Q4 EPS of $0.93, ex-gain, $0.02 better than the analyst estimate of $0.91. Revenue for the quarter came in at $2.62 billion versus the consensus estimate of $2.67 billion.
Baidu currently expects to generate total revenues in an amount ranging from RMB16.480 billion ($2.374 billion) to RMB17.030 billion ($2.453 billion) for the first quarter of 2017 (*** consensus is $2.47 billion), representing a 4.2% to 7.6% year-over-year increase. This forecast reflects Baidu's current and preliminary view, which is subject to... More
