ascending contination triangle, 07192011
Baidu's Q2 Actual Income Expected to Increase by 88.6%
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BEIJING, Jul 21, 2011 (SinoCast Daily Business Beat via COMTEX) -- Source indicated that Baidu.com, Inc. (BIDU) will release its financial report of the previous quarter on July 25 (next Monday), while analysts on average predict that Baidu's actual income in the previous quarter will increase by 88.6% year on year with net earnings hitting USD 0.66 per share.
During the past three months, analysts have been adjusting their consensus forecast from previous USD 0.62 to USD 0.65 last month, and then to current USD 0.66. Analysts also forecast that the annual earnings per share will reach USD 2.68, up 75.2% year on year.
During the past four quarters, Baidu's profit has been higher than expected, earnings per share in the last quarter was 3 cents higher than expected with net earnings per share reaching 47 cents compared with average market expectation of 44 cents.
Analysts on average also expect the profit in the previous quarter will reach USD 502.1 million, up 77.9% year over year. The annual income will reach USD 2,010 million, up 67.5% compared with USD 1,200 million last year.
