It's Too Soon to Bid Baidu Adieu
Chinese Internet giant Baidu (BIDU) is expected to report fourth-quarter results after the bell Thursday. The consensus estimate is for revenue of $700.8 million and net income of $0.91 per share, an increase of 82% from a year earlier. With a slowing Chinese economy and seasonal weakness, can Baidu continue its spectacular growth streak, or is it time to bid adieu to Baidu?
According to Alexa.com, Baidu is the most frequently used search engine in China and the sixth-most-trafficked website in the world. The company holds a commanding lead in Chinese search....279 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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