Keep Calm and Buy Baidu's Post-Earnings Dip
Shares of Baidu (NASDAQ: BIDU) recently fell after the company posted mixed third quarter earnings and guidance that missed analyst expectations. However, there was also a lot of confusion about Baidu's numbers -- the sales miss was minor, and many media reports misunderstood or ignored the reasons for the lower sales guidance. Let's take a look at what happened, and why Baidu's dip actually represents a great buying opportunity for investors.
Baidu's revenue rose 29% annually to 23.5 billion yuan ($3.53 billion) during the quarter, representing its strongest year-over-year growth in five quarters. However, analysts had been expecting slightly higher revenues of 23.6 billion ($3.56 billion).
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Source: Fool.com
Baidu Inc. A ADR Stock
€94.90
0.110%
With 33 Buy predictions and 4 Sell predictions Baidu Inc. A ADR is one of the favorites of our community.
With a target price of 138 € there is a positive potential of 45.42% for Baidu Inc. A ADR compared to the current price of 94.9 €.
