BIDU earnings

Discussion in 'Stocks' started by DataCruncher, Apr 24, 2008.

  1. Futures moving higher , bidu trading above 350 in premarket
     
    #11     Apr 25, 2008
  2. capmac

    capmac

    08:36 BIDU Baidu.com Color on Quarter -Update-

    Susquehanna raised their tgt on BIDU to $420 from $375 following earnings, noting Baidu Union and monetization improvement drove Q1 revenue upside... Citigroup upgraded BIDU to Buy from Hold with the seasonally weakest quarter behind us, and Japan and C2C costs well under management's control. The firm says BIDU benefited in 1Q08 from conservative guidance, the effects of an early CNY (offsetting the snowstorms impact), and the bringing of key sales regions in-house.
     
    #12     Apr 25, 2008
  3. I'm starting to like Baidu now.
     
    #13     Apr 25, 2008
  4. Crap! Downgraded! Nice rally got wiped right out.
     
    #14     Apr 25, 2008