Stock News - Baidu (NASDAQ:BIDU) Plummets On Poor Outlook

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Shares of Baidu, Inc.(ADR) (Public, NASDAQ:BIDU) plunged 13.16% to $376.00 in post market trading sessions after following weak top-line results for Q3 and a Q4 forecast that missed estimates substantially. Revenue in third Quarter rose 39%, y-o-y, to $187.3 million, below estimates of $189.6 million, yielding profit per share, excluding options expense, of $2.16, well ahead of the $1.83 estimate.

Noticeably for Q4, BIDU forecast revenue of $174 million to $180 million, missed by wide margin as the consensus was $202.9 million.

BIDU has recovered over 330% from its 52-week low of $100.50. In yesterday trade it hit a 10-year high of $439.90.

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