China Growth Stocks

[derek2000]

Great Result from BIDU.

Baidu's net profit rose 112.4 percent year-on-year to US$156.4 million. Excluding expenses for employees' stock-based compensation, the company earned 46 cents per share. Analysts had expected 42 cents per share.

So:
BIDU 46 cents vs. CCME 84 cents per share
PPS $102 vs. PPS $15.

Half the earning, 7 times PPS. Who said life is fair.

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Baidu's Profits Grow as Google's Search Share Falls in China

China's largest search engine, Baidu, doubled its net profit in the third quarter as it continued to take market share from Google.

Baidu's net profit rose 112.4 percent year-on-year to US$156.4 million. The positive earnings were the result of the company's efforts to expand its customers base, as well as improvements made to its online marketing system, said Baidu CEO Robin Li during a conference call on Friday morning. Revenue rose 76.4 percent to $337.2 million.

Baidu won a 73 percent share of the Chinese search market in the third quarter, up from 70 percent previously and a new high according to Beijing-based research firm Analysys International.

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