Economy Blog » Baidu.com Mixed on EPS Blowout But Soft Outlook (BIDU)

Economy Blog
Everything about the economy in a single blog

RSS | Visita nuestra web

Baidu.com Mixed on EPS Blowout But Soft Outlook (BIDU)

Chinese internet search leader Baidu.com, Inc. (NASDAQ: BIDU) has posted earnings and it showed in $0.92 non-GAAP EPS on $78.3 million in revenues. The estimates from First Call for the Chinese search engine are $0.71 EPS on $77.1 million in revenues. It also offered guidance of $73.1 to $75.1 million in revenues and estimates are $77.01 million in revenues. The company posted Traffic Acquisition Costs (TAC) of roughly $9.9 million or 12.7% of total revenues, compared to 8.7% in Q4-2006. The company also had an income tax benefit of $2.5 million. Baidu had $18.3 million in cash and equivalents on…
…
Original Source