This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Baidu (BIDU) Off Highs After Forecast Beat

NEW YORK (TheStreet) -- Baidu (BIDU - Get Report) shares jumped 6% in morning trading on its earnings report a day earlier before losing ground. At midday, the Chinese-language search engine had gained 2.3% to $162.99.

For the fourth quarter, Baidu said revenue was expected between $1.51 billion and $1.55 billion, higher than an anticipated $1.46 billion consensus among analysts surveyed by Thomson Reuters.

The Beijing-based company reported third-quarter earnings of $1.48 a share and revenue came in 42.3% higher than the year before to $1.45 billion. Revenue per online ad customer was $3,121, an 18.6% quarter-on-quarter gain and up 19.4% year over year.

"We were pleased to see strong results in the third quarter as revenue remained on a solid growth trajectory," said CEO Robin Li in a statement. "Mobile search revenues in particular continued to grow at an exciting pace as more of our customers recognize the benefits of mobile marketing on the Baidu platform."

Must Read: What's Behind Western Union's Steep Slump?

Jefferies upgraded the stock to "buy" from "hold," revising its price target to $222 from $153.

"Our checks indicate increasing mobile search demand and incremental mobile ad budget from Baidu's customers," the investment firm wrote in its report. "We believe Baidu's new product launches and strong monetization capability will deliver further revenue upside."

TheStreet Ratings team rates Baidu Inc as a Buy with a ratings score of B+. The team has this to say about their recommendation:

"We rate Baidu Inc (BIDU) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BIDU $186.01 -1.00%
AAPL $94.45 -3.40%
FB $116.52 7.00%
GOOG $690.05 -2.20%
TSLA $248.12 -1.30%


Chart of I:DJI
DOW 17,816.20 -225.35 -1.25%
S&P 500 2,076.57 -18.58 -0.89%
NASDAQ 4,810.8720 -52.2690 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs