Baidu shares down 14 percent after lower-than-expected Q4 revenue projection

Baidu shares down 14 percent after lower-than-expected Q4 revenue projection

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/26/baidu-shares-drop-after-lower-than-expected-q4-revenue-projection.html

Baidu shares were down as much as 14 percent after the company reported earnings that missed expectations Thursday.

The company beat estimated American Depository Share earnings, but missed revenue estimates. Revenue was up 29 percent over this quarter last year.