Baidu has now released its earnings report, and the news was excellent. Net income up 36%. Revenue up 40%. So why did the stock take a 10% haircut on the news? In this video, Motley Fool tech and telecom analyst Andrew Tonner tells investors about the two main short-term factors putting downward pressure on Baidu's share price, and why, more than ever, he sees the stock as one of the greatest buys in tech.
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The article Why Is Baidu Down After a Great Earnings Report? originally appeared on Fool.com.
Andrew Tonner owns shares of Baidu. The Motley Fool recommends Baidu and Google. The Motley Fool owns shares of Baidu and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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