(BIDU) Baidu.com reports EPS in-line, beats on revs; guides Q2 revs above consensus Reports Q1 (Mar) earnings of $0.60 per share, including $0.07 of stock based compensation expenses, in-line with the First Call consensus of $0.60; revenues rose 108.4% year/year to $81.9 mln vs the $75.4 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $111-114 mln vs. $100.60 mln consensus. "Instrumental to our growth were the ceaseless efforts of our sales force and customer service teams who continued to deliver strong results despite a long Chinese New Year holiday and severe snow storms across large parts of China. In addition, a larger customer base contributed to strong organic and Baidu Union growth." During the first quarter Baidu launched the public testing of Baidu Hi, an instant messaging platform complementing Baidu's suite of other already popular products such as Baidu Knows, Baidu Post Bar and Baidu Space. Initial results indicate a positive response to the new product.
Message Board Post
John,
I have been a member here since last November. Even though I joined at almost exactly the time the market started to tank, I have been able to survive (mentally) based on your continuing guidance and enthusiasm. Frankly, I don't know how you can continue to deal with all of us "inmates." In any case, thank you for the great job you do and your continuing support, which is even more critical in correcting markets.
Best regards,
Racmo
