Baidu.com Inc. (BIDU) Profit Up Ten-fold, Stock Tanks On Outlook
Chinese language Internet search provider Baidu.com Inc. (BIDU) said Tuesday its third-quarter profit and revenue surged as customer traffic increased.
The company earned $10.8 million, or 32 cents per American Depositary share, up more than tenfold from the year-ago period and up 46 percent sequentially.
Excluding stock options costs, the company earned 37 cents per ADS.
Sales totaled $30.3 million, up from $11.3 million in the year-ago period.
Analysts, on average, were expecting earnings of 26 cents per ADS on sales of $30.1 million, according to a poll by Thomson Financial.
The company earned $10.8 million, or 32 cents per American Depositary share, up more than tenfold from the year-ago period and up 46 percent sequentially.
Excluding stock options costs, the company earned 37 cents per ADS.
Sales totaled $30.3 million, up from $11.3 million in the year-ago period.
Analysts, on average, were expecting earnings of 26 cents per ADS on sales of $30.1 million, according to a poll by Thomson Financial.
posted by Stock Administrator @ 5:25 PM
0 Comments:
Post a Comment
<< Home