Following today's closing bell, Baidu said it expects fourth-quarter revenue between $2.68 billion and $2.76 billion. Analysts are modeling $2.86 billion for the current period.
For the 2016 third quarter, the Beijing-based Internet search provider reported adjusted earnings of $1.49 per diluted share, beating analysts' estimates of $1.11 per share, according to FactSet.
Third-quarter revenue of $2.74 billion topped Wall Street's projections of $2.71 billion.
Mobile search monthly active users grew 3% year-over-year to 660 million in the period.
About 3.39 million shares of the company traded today vs. the 30-day average of 2.20 million shares.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: BIDU