BIDU FORECAST FOR Q1 2020 in line with ESTIMATES !!!!
Feb 27 (Reuters) - China's Baidu Inc forecast first-quarter revenue below analysts' expectations on Thursday, amid the ongoing coronavirus outbreak in the country.
Baidu, whose search engine dominates the country's market, forecast first-quarter revenue between 21 billion yuan ($2.99 billion) and 22.9 billion yuan, while analysts had expected 23.08 billion yuan, according to IBES data from Refinitiv. ($1 = 7.0128 Chinese yuan renminbi) (Reporting by Akanksha Rana in Bengaluru and Yingzhi Yang in Beijing; Editing by Shailesh Kuber)
IMPACT OF VIRUS OVERBLOWN FOR INTERNET COMPANIES OBVIOUSLY !!!!!
Fourth Quarter 2019 Financial Highlights
BAIDU IS GROWING AGAIN STRONGLY SINCE LAST YEAR DESPITE SHARE PRICE FALLING almost 30% YoY !!!! ALL IS IMPROVING MARGINS AND OPERATING INCOMES AND USER TRAFFIC STAGGERING NUMBERS i
Non-GAAP diluted earnings per ADS
December 31, 2018. September 30,2019 December 31, 2019 YOY. QOQ
13.42 12.61 26.54 98% 110%
IF YOU ARE SCARED OF OVERVALUED TECH STOCKS THIS ONE IS DEFINITELY CHEAP TO ME AND A GREAT LONG TERM HOLDING
CHINA IS NOT DEAD SO RAISE YOUR EYES AND LOOK INTO THE FUTURE NOW (not next month or quarter), it is the FUTURE
Baidu, whose search engine dominates the country's market, forecast first-quarter revenue between 21 billion yuan ($2.99 billion) and 22.9 billion yuan, while analysts had expected 23.08 billion yuan, according to IBES data from Refinitiv. ($1 = 7.0128 Chinese yuan renminbi) (Reporting by Akanksha Rana in Bengaluru and Yingzhi Yang in Beijing; Editing by Shailesh Kuber)
IMPACT OF VIRUS OVERBLOWN FOR INTERNET COMPANIES OBVIOUSLY !!!!!
Fourth Quarter 2019 Financial Highlights
BAIDU IS GROWING AGAIN STRONGLY SINCE LAST YEAR DESPITE SHARE PRICE FALLING almost 30% YoY !!!! ALL IS IMPROVING MARGINS AND OPERATING INCOMES AND USER TRAFFIC STAGGERING NUMBERS i
Non-GAAP diluted earnings per ADS
December 31, 2018. September 30,2019 December 31, 2019 YOY. QOQ
13.42 12.61 26.54 98% 110%
IF YOU ARE SCARED OF OVERVALUED TECH STOCKS THIS ONE IS DEFINITELY CHEAP TO ME AND A GREAT LONG TERM HOLDING
CHINA IS NOT DEAD SO RAISE YOUR EYES AND LOOK INTO THE FUTURE NOW (not next month or quarter), it is the FUTURE
Comment:
BIDU RESISTING VERY STRONGLY AROUND 105-110 !!! CLOSE TO HISTORIC LOWS