“StockWatchIndex on BAIDU”
NEW YORK, November 1, 2013 /PRNewswire
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Today, Analysts’ Corner announced new research reports highlighting Baidu Inc. (ADR)(NASDAQ: BIDU
). Today’s readers may access this report free of charge – including full price targets, industry analysis and analyst ratings – via the links below.
Baidu Inc. (ADR) Research Report
On October 29, 2013, Baidu Inc. (ADR) (Baidu) reported its Q3 2013 financial results. The Company’s total revenues increased 42.3% YoY to RMB8.9 billion ($1.5 billion) during the quarter. Net income attributable to Baidu increased 1.3% YoY to RMB3.0 billion ($498 million), diluted earnings attributable to Baidu per ADS for Q3 2013 were RMB8.63, compared to RMB8.59 in Q3 2012.
Commenting on the results, Baidu’s Chairman and CEO Robin Li, said, “We were pleased to see strong results in the third quarter as revenue remained on a solid growth trajectory. Mobile search revenues in particular continued to grow at an exciting pace as more of our customers recognize the benefits of mobile marketing on the Baidu platform.” Li added, “I am proud of the progress we made during the quarter. Our flagship mobile products like search and maps continue to gain momentum. We solidified our mobile native app distribution capabilities with the 91 Wireless acquisition. And we introduced search-enabled Light Apps, which will allow users to more easily discover long tail app content, and will offer developers a powerful distribution channel in Baidu mobile search.”
The Full Research Report on Baidu Inc. (ADR) – including full detailed breakdown, analyst ratings and price targets – is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/cd9e_BIDU
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