Baidu.com, Inc. (NASDAQ:BIDU) which operates China’s foremost search engine, announced on Wednesday that Q1 net income surged 76% but a disappointing outlook for revenue sent its shares decreased in after hours US trading.
Net income for the quarter that ended March 31 increased to $299 million, or 85 cents a share. Excluding share based compensation costs, attuned earnings came to 87 cents, topping the 86 cents anticipated by analysts polled by FactSet.
Revenue increased 75% to $677.1 million as the firm attracted more customers and revenue a customer surged. Analysts anticipated revenue of $679.3 million.
Turning towards the sector SINA Corporation (USA) (NASDAQ:SINA) surged +0.32%, Sohu.com Inc. (NASDAQ:SOHU) moved up +1.74%, Priceline.com Inc (NASDAQ:PCLN) declined -2.00%, Renren Inc (NYSE:RENN) dropped -6.65%, E Commerce China Dangdang Inc (ADR) (NYSE:DANG) which decreased -7.18% and Youku Inc (ADR) (NYSE:YOKU) edged up +0.87%.
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) stock in last session held volume of 6.92 million shares as compare to its average volume of 5.23 million shares. The stock after opening at $139.30 hit high price of $139.91 and then closed at $135.83 by plunging -2.74%.
As the revenue measures BIDU generated revenue of 2.30 billion in the following twelve months income of $1.05 billion. The Company showed a positive 45.65% in the net profit margin and in addition to in its operating margin which remained 52.25%. Company’s annual sales growth for the past five year was 85.64%.
The stock showed weekly downbeat performance of -7.91% which was maintained for the month at -5.88%. Likewise the positive performance for the quarter was recorded as 11.56% and for the year was -10.61% while the YTD performance remained at 16.62%.
The BIDU past twelve months price to sales ratio was 20.63 and price to cash ratio remained 21.10. As far as the returns are concern, the BIDU return on equity was recorded as 56.03% and increased 50.16% return on investment while its return on asset stayed at 38.50%.
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