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Is Baidu Stock a Buy?

TheMotleyFool

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Baidu (NASDAQ: BIDU), the Chinese tech giant that owns the country's leading search engine, recently posted its third-quarter earnings.

Its revenue rose 1% year-over-year to 28.32 billion yuan ($4.16 billion), matching estimates and growing for the first time in three quarters. Its adjusted net income increased 59% to 6.99 billion yuan ($1.03 billion), or $3.00 per American Depository Share (ADS), which beat expectations by $1.02.

Baidu expects its revenue to rise 4% at the midpoint for the fourth quarter, but it didn't provide any earnings guidance. Those numbers seem to suggest the worst is over for Baidu, which lost about 40% of its value over the past three years -- but is its out-of-favor stock worth buying?

Source Fool.com

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