$50 was my target for 2013 at the end of 2012. It's all about marketshare. Earnings and revenues don't matter right now. They are eating BIDU's lunch and that's why the stock has been flying. Add revenues are based on marketshare...
italiatit aka hhdriven aka j0n_48195 et all aliases at your geurrilla marketing company. First of all, please desist from spamming these boards with your biased and paid for input, even if it does happen to coincide with mine once in a while. Take a hike spammer!
Right now it's about revenues increasing. They need to put their earnings into more R&D and gaining market share, especially from BIDU. Down the road there will need to be more of a focus on earnings, but right now use the money to gain market share and increase revenues.
The facts are .14 earnings reported as expected but rev was 109.9 compared to expected 105-106 mil. Also forward guidance was 142-144 mil in revenue compared to analysts expected 121 mil. Rev. is exploding to upside. This one is a keeper.