Baidu Q4 Earnings Report Late February, Not Monday
By KEVIN SHALVEY, INVESTOR'S BUSINESS DAILY Posted 12:29 PM ET
Chinese search leader Baidu (BIDU) has pushed its Q4 earnings report back to the end of February, almost a month later than it usually reports and about two weeks after the end of the Chinese New Year celebrations, says an analyst.
"They're trying to get more visibility. That will probably be the latest that they've reported in the last six years," said Mayuresh Masurekar, an analyst with Collins Stewart. But he also says he does not see the later-than-usual reporting date as a cause for concern.
Last week and Monday, IBD and others reported that Baidu would release its fourth-quarter results late Monday. That had been widely assumed, but the company has yet to file a reporting date with the SEC, nor has it posted any announcement on its company website.
Baidu has not yet responded to emails seeking comment and confirmation of its reporting date. Analyst Masurekar, however, says he had contacted the company and was told the reporting date would be late February.
Masurekar says the company wanted to give itself time after the end of Chinese New Year celebrations to prepare and release its results. Celebrations for Chinese New Year 2012, the Year of the Dragon, began Jan. 23 and end Feb. 6.
Analysts polled by Thomson Reuters see Q4 revenue of $698.9 million, up 88% from $371.3 million in Q4 2010.
Per-share profit minus items is expected to be 91 cents, up 82%.
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