Baidu (BIDU) Ditch the Street, Shares plunged

Shares of Baidu, Inc.(ADR) (NASDAQ: BIDU) came under pressure in the post market and plunged over 11% to $385.85 following weak top-line results for Q3 and a Q4 forecast that missed estimates substantially.

Revenue in third Quarter rose 39%, y-o-y, to $187.3 million, below estimates of $189.6 million, yielding profit per share, excluding options expense, of $2.16, well ahead of the $1.83 estimate.

Noticeably for Q4, BIDU forecast revenue of $174 million to $180 million, missed by wide margin as the consensus was $202.9 million.