Last night Baidu (BIDU, qoute) reported $8.40/share comp EPS for 4Q 2013 which beat the street by a small amount, but the key to the report was a 1Q outlook that gives investors reason to believe more growth is coming.
BIDU is guiding for 1Q revenues that are almost 60% higher than last year’s comp. and almost 10% higher than the street.
The stock will break out today and has $180 as a key level to get through to add to all time highs.
Across the China internet space we continue to see demand and performance.