Scalper1 News
Baidu (BIDU) stock fell Thursday after China’s dominant Internet search engine surprised analysts late Wednesday with a first-quarter outlook below expectations. Baidu’s heavy investments in — and successful transition to — mobile search is among the reasons Baidu also missed fourth-quarter earnings estimates, as mobile monetizes at a lower rate than desktop. Mobile revenue in Q4 was 42% of Baidu’s total revenue, up from 36% in Q3. It moved above Scalper1 News
Scalper1 News