Chinese search giant BIDU stock took a 15% dip in the opening session after Baidu Inc (NASDAQ:BIDU) reported a lower than expected first-quarter earnings that fell short of company estimates. This is the first time since 2005 when Baidu Inc. went public that it has reported a net loss.
Misses Estimate – BIDU Stock Dips DrasticallyOver the last few quarters, its online advertising business has been rather flat-ish and the company has been struggling to restructure as they look for new growth areas. Its revenue from the online advertising services grew by almost 3% to ...
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