Baidu (NASDAQ:BIDU) Stock Tumbles after Quarterly Results; Slow Profit Growth in Four Years – BIDU, KUTV, CHA, BCOR

Beijing-based Baidu.com, Inc (ADR) (NASDAQ:BIDU) stock plunged in extended trading session on Monday in New York trading following the slowest profit expansion in around 4 years.

Shares of the China’s most popular Internet search engine operator plunged around 7.8% to settle at $99.90 after mentioning fiscal Q4 net income hiked 36%.

Sohu.com Inc (NASDAQ:SOHU), second-biggest video site operator in china, also plunged 5.5% on Monday owing to an earnings estimate that failed to meet analysts’ forecasts.

Chinese search engine giant Baidu also faces growing rivalry in its key search unit from Qihoo 360 Technology Co Ltd (NYSE:QIHU) and Sohu.com.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Ku6 Media Co Ltd (ADR) (NASDAQ:KUTV) fell -0.89% to settle at $1.10, China Telecom Corporation Limited (ADR) (NYSE:CHA) moved down -2.03% to end at $54.18 while Blucora Inc (NASDAQ:BCOR) dropped -1.73% to finish at $14.75 on Monday.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) on Feb 04, 2013 decreased -1.30% to the closing price of $107.20. The overall volume in the last trading session was 6.12 million shares. Its fifty two weeks range was $85.96 – $154.15. The total market capitalization remained at $37.48 million.

BIDU is ahead of its 52-week low with 24.71% and lagging behind from its 52-week high price with -30.46%. BIDU’s last month’s stock price volatility remained 2.92%. In its share capital BIDU has 349.59 million outstanding shares, among them 330.09 million shares have been floated in market exchange. BIDU’s stock’s institutional ownership remained 81.86% while insider ownership included 0.13%.

The stock price of BIDU is moving down from its 20 days moving average with -1.12% and remote positively from 50 days moving average with 5.93%. BIDU’s current year’s earnings per share experienced an addition with 88.08% while its current quarter performance remained at 0.47%. Company’s beta coefficient included 1.72. Beta factors measure the amount of market risk associated with market trade.

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