google-invested Baidu made its first earnings report as a public company on the American exchanges, and the year-over-year revenue gain is spectacular: a seven-fold increase from $210,000 to $1.5M. But a good earnings report can sometimes underline an overvalued stock, and investors are taking BIDU for a downward ride today. In fact, since the tremendous gap up on IPO day, BIDU's chart looks like a downhill ski run.
1. good earning from Baidu
Posted at 4:42AM on Dec 19th 2005 by Lary Bills