Baidu Earnings: Difference between revisions
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== '''1st Quarter 2006''' == |
== '''1st Quarter 2006''' == |
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Baidu, the most popular Web site in China, is trading up 29.4% at $79.40. |
Baidu, the most popular Web site in China, is trading up 29.4% at $79.40. On May 10th, it reported first-quarter net income of ¥35.2 million ($4.4 million), sharply higher than its year-ago profit of ¥2.5 million. Revenue nearly tripled to ¥135.6 million from ¥45.7 million over the same period. |
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The company also issued guidance that exceeded Wall Street's estimates, citing surging online advertising revenue |
The company also issued guidance that exceeded Wall Street's estimates, citing surging online advertising revenue |
Revision as of 17:42, 10 May 2006
1st Quarter 2006
Baidu, the most popular Web site in China, is trading up 29.4% at $79.40. On May 10th, it reported first-quarter net income of ¥35.2 million ($4.4 million), sharply higher than its year-ago profit of ¥2.5 million. Revenue nearly tripled to ¥135.6 million from ¥45.7 million over the same period.
The company also issued guidance that exceeded Wall Street's estimates, citing surging online advertising revenue