Stock Market Alert: BIDU Falls on Q3 Earnings

Posted on Wednesday 1 November 2006



Stock Market Alert: BIDU dropped over 9% in the regular session on Tuesday, and continued to fall in the afterhours session after the company reported their Q3 earnings report. Volume was much heavier than normal on Tuesday, with over 12.8 million shares of the stock changing hands, compared to a normal daily average volume of 1.29 million shares. BIDU continues to slip in the afterhours session, losing an additional three points to close at $84.06. The stock was hit by the company’s Q4 revenue forecast or between $34-$35 million dollars, which is lower than analyst forecasts of revenues of between $35 - $37.7 million dollars.



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