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BAIDU (BIDU) TRADING LOWER DESPITE STRONG QUARTER

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Nasdaq-100 component Baidu, Inc. (BIDU) is trading lower by less than 1% in Thursday’s pre-market session after meeting fourth quarter 2020 revenue guidance and beating profit estimates by a small margin. The Chinese search engine giant earned RMB 20.08 per share during the quarter, or $3.10 per share in greenbacks, while revenue rose 4.8% year over year to RMB 30.26 billion ($4.68 billion). A brief uptick after the news was quickly extinguished by selling pressure.

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