(BIDU) on Thursday announced a $1 billion share-buyback plan, three days after the China search leader missed on Q2 earnings and gave weak revenue guidance amid continued heavy spending on its emerging online-to-offline business. Baidu stock was up more than 2% in midday trading in the stock market today, near 174. But Baidu still remains down 26% this year, and analysts expect further low earnings growth as Baidu spends heavily to bolster its
Rare-disease specialist (ALXN) beat Q2 estimates Thursday morning, but its stock dropped as its guidance fell short of expectations amid some big costs. Alexion said that its earnings rose 29% over the year-earlier quarter to $1.44 a share, beating analysts’ consensus by 6 cents, according to Thomson Reuters. Revenue climbed 24% to $636 million, about $8 million above consensus. Alexion lifted and tightened its full-year revenue outlook slightly,
Continuing to show hard times in the 3D printer market, (SSYS) withdrew its full-year guidance after reporting second quarter earnings Thursday morning. Stratasys reported Q2 revenue of $182.3 million, up 2% from the same quarter a year ago. That was its slowest growth in years, ending a long string of double- and triple-digit growth. Revenue met the consensus estimate of analysts polled by Thomson Reuters. Stratasys reported earnings per share