Baidu (NASDAQ:BIDU) Profit Misses Analysts Forecasts; Stock Falls – BIDU, SINA, YNDX, SOHU

The Beijing-based Baidu.com, Inc (ADR) (NASDAQ:BIDU) announced fiscal Q1 profit that tumbled short of Wall Street forecasts as advertising revenue per customer plunged.

Baidu, the owner of China’s biggest Internet search engine, reported in a statement on Thursday that net income moved up 8.5% to 2.04 billion Yuan from 1.88 billion Yuan in previous year. That failed to meet the 2.19 billion Yuan median forecasts of analysts.

Quarterly revenue hiked 40% to 5.97 billion Yuan, contrasted against analysts’ 5.99 billion Yuan forecast.

Baidu estimate fiscal Q2 revenue of 7.37 billion Yuan to 7.55 billion Yuan, evaluate against analysts’ median forecast of 7.44 billion Yuan.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. SINA Corp (NASDAQ:SINA) rose +2.34% to settle at $49.86, Yandex NV (NASDAQ:YNDX) moved up +16.27% to end at $24.94 while Sohu.com Inc (NASDAQ:SOHU) jumped +2.44% to finish at $50.30 on Thursday.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) last session’s volume of 7.48 million shares was surprisingly higher than its average volume of 3.61 million shares. The stock after opening at $89.28 hit high price of $92.74 and then closed at $92.34 by scoring +4.82%.

The liquidity measure in recent quarter results of the company was recorded 4.21 as current ratio and on the other side the debt to equity ratio was 0.46 and long-term debt to equity ratio remained at 0.37. The Company had total cash of $5.18 billion at hand and a book value per share as $11.88 in the most recent quarter.

The stock’s price volatility was 3.19% for a week and 2.74% for a month as well as price volatility’s Average True Range for 14 days was 2.61and its beta remained at 1.57.

BIDU generated revenue of $3.61 billion in the previous twelve months and earned $1.69 billion. The Company showed a positive 46.59% in the net profit margin as well as in its operating margin which remained at 49.54%. Company’s annual sales growth for the past five years was 66.48%.

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