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BIDU Baidu.com Earnings Preview

Posted by joka86 1206 days ago, popular 1205 days ago (http://www.stockmarketfunding.com)
Category: Tech | Tags: bidu.com (bidu) investing stocks
Bidu.com (BIDU) is set to report earnings after the close with analysts expecting EPS of $1.28 on revenues of $134.7 mln. In line results would represent a record for earnings by the co while revenue growth would remain at a healthy 103% y/y. Co guided for revenue in the range of $132-136 mln with most analysts expect the co to come in at the high end of the current range but there are some viable concerns out in the markets. The biggest worry that investors have is with regards to the growth in the Chinese economy. On Monday, the government announced Q3 GDP had slowed to 9.0%, its slowest pace in five years. On top of those concerns, the hangover effect from the Olympics is expected to provide a headwind on BIDU for the second half of the quarter and into 2009.
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