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Baidu.com Disappoints

Revenue guidance comes in light.

Shares of Chinese search engine operator Baidu.com (BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report, continued to tumble in after-hours trading on Tuesday after the company posted third-quarter revenue that barely beat analyst expectations and issued guidance for the fourth-quarter that came in below expectations.

The stock recently fell $3.78, or 4.3%, to $83.50 in extended trading after tumbling 9.1% to $87.28 during the regular session.

Baidu said third-quarter profit rose tenfold to $10.8 million, or 31 cents a share, on revenue of $30.3 million.

Excluding stock compensation expense, Baidu said it earned $12.9 million, or 37 cents a share. On this basis, analysts surveyed by Thomson First Call had expected earnings of 26 cents a share on revenue of $30.2 million.

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"During the quarter, we continued to strengthen our position as the leading provider of Chinese language search," said Robin Li, Baidu's chairman and CEO, in a news release. "By focusing on enhancing and expanding both our core search functionality and our suite of community-based search products, we continued to achieve significant traffic growth and market share expansion."

However, for the fourth quarter, Baidu forecast revenue between $34 million to $35 million; First Call was expecting $36.2 million.