Baidu.com, Inc. (NASDAQ:BIDU) released its earnings report for the second quarter of 2013 this afternoon after the market closed. The Chinese search giant reported income of $1.26 per share for the three months period, earned on revenue of $1.2 billion. On today’s market Baidu.com, Inc. (NASDAQ:BIDU) stock did very well, gaining to finish the day at $113.37 per share. In the run up to the announcement of the earnings figures, analysts following Baidu.com, Inc. (NASDAQ:BIDU) were looking for earnings per share of $1.21 for the three months April-June. Consensus revenue estimates for the period came in at $1.2 billion. In the second…
Baidu.com, Inc. (BIDU) Q2 Earnings Beat Estimates, Stock Jumps 15%
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.