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David Sims is the managing member of RidgeHaven Capital LLC. We prefer distressed equities and value investing. The firm was established to manage wealth with an eye on fundamental value, but also an understanding of technical trends and market behavior. David is a Certified Public Accountant... More
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  • Baidu Beats Expectations, Shares Rise After-Hours 0 comments
    Apr 24, 2014 7:44 PM | about stocks: BIDU

    Shares of Baidu (NASDAQ:BIDU) rose over $7.91 to $167.65, or 4.95%, late in after-hours trading. The company reported adjusted earnings of $1.24 per share for the quarter. Revenue of $1.53 Billion represented growth of 59% from the prior period. Both revenue and profits were much higher than analyst expectations.

    The $56 billion market capitalization company primarily operates their business in China and has more than 31,000 employees.

    (click to enlarge)

    BIDU data by YCharts

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: BIDU
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