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BIDU-SW Once Slumps 7%+ after Results Release
Recommend 3 Positive 13 Negative 4 |
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BIDU-SW (09888.HK)(BIDU.US)'s stock price was subdued after the results release. Overnight (18th), the U.S. stock dived 7.51% to US$90.16. Today (19th), the H shares opened lower by 1.72% before the decline steepened. It once slipped 7.26% to bottom at $83.65. It last reported $87.9, down 2.55%, with 3.034 million shares traded, involving $264 million. Baidu's non-GAAP net profit attributable to Baidu in 4Q24 fell 13.5% YoY to RMB6.709 billion, and total revenue fell 2.4% to RMB34.124 billion. DBS believed that Baidu's core ads performance continued to be weak and maintained its Hold rating, with the target price raised from $78 to $93. AAStocks Financial News |
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