<< Read Full Article

Baidu.com Takes Tech for a Tumble

Stock quotes in this article: BIDU  

China's Baidu.com(BIDU Quote) sneezed Thursday, and the entire Nasdaq seemed to catch a cold.

Shares of the Chinese Internet company dropped as much as 12% in afternoon trading after investment bank JP Morgan issued a report saying that the company's third quarter should be merely in line with consensus estimates -- and somewhat below its prior forecasts.

Based on recent checks, JP Morgan now expects Baidu's revenue to be about $67.5 million, below the $67.9 million it previously forecast. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.83
Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
1.03
10 Yr
3.48%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
+3.05%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services