A few million here and there and what do we have? Panic after hours.
Once the numbers are digested and the forward looking estimates and statements are re read, I wouldn't be surprised to see $90 in two weeks. They are spending a great deal on R and D as stated. Also spending a great deal on marketing. I'm holding long and looking forward to the next Qtr.
one thing is for sure, Bidu is hitting their revenue guidance. guidance is 1.18B-1.21B you can bet they will be in that range when they report earnings again... A lack of beating analysts and the streets higher expectations numbers is stalling this stock.