Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Baidu Inc's (NASDAQ: BIDU) profit margin is likely to show a continued squeeze from operating costs when the company posts earnings later Wednesday.
Oppenheimer's Ella Ji expects that even as the company continues to post sharp gains in revenue, its current investment binge won't yield results until next year when its spending declines and margins widen.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The company plan to make 2014 "a year of investment" is aimed at gaining market share in mobile search. It's also developing payment services as well as data analysis to boost "click-through rates," Ji said in a research note.
The Beijing-based company has the lion's share of China's search market, and Morgan Stanley's Philip Wan expects the upcoming earnings report will show its mobile-based searches exceeding those from personal computers for the first time.
Analysts on average expect Baidu to post profit growth of 12 percent for the recent quarter, to $9.71 per share, on revenue of 84 percent to $13.6 billion.
Baidu closed down 1.9 percent to $224.55 per share.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.