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Is Baidu Stock a Buy?

TheMotleyFool

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Baidu's (NASDAQ: BIDU) stock recently dipped after the Chinese tech giant posted its fourth-quarter earnings. Its revenue rose 5% year over year to 30.26 billion yuan ($4.64 billion), marking its second straight quarter of sales growth but narrowly missing estimates by $20 million. Its adjusted net income fell 25% to 6.87 billion yuan ($1.05 billion), or $3.08 per share, but beat expectations by $0.49 a share. Baidu expects its revenue to rise 15%-26% year over year in the first quarter.

Those headline numbers look stable, but is Baidu's stock still worth buying after more than doubling over the past 12 months?

Image source: Getty Images.

Source Fool.com

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