Is Baidu Stock a Buy Now?
(NASDAQ: BIDU) posted its second-quarter report on Aug. 22. The Chinese tech giant's revenue rose 15% year over year to 34.1 billion yuan ($4.7 billion), which beat analysts' estimates by $130 million. Its adjusted net income grew 44% to 8.0 billion yuan ($1.1 billion), or $3.11 per American Depositary Shares (ADS), and also cleared the consensus forecast by $0.78.
Baidu's headline numbers were impressive, but its stock rose less than 3% after the report and remains down about 2% over the past 12 months. Should investors scoop up some shares of this growing company as the bulls look the other way?
Image source: Getty Images.
Source Fool.com
Baidu Inc. A ADR Aktie
77,10 €
-4,22 %
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