Baidu Inc (ADR) (NASDAQ:BIDU) recently announced its 1Q14 results, i.e. quarter ending March 31, 2014. Total revenue for the firm was RMB 9.497 billion ($1.528 billion) in 1Q14, up by 59.1% from RMB 5.969 billion same period prior year. The operating profit stood at RMB 2.374 billion, up by 7.4% from RMB 2.210 billion in 1Q13. Net income attributable in 1Q14 was RMB 2.535 billion, a 24.1% increase from the same period last year. Diluted earnings per ADS for the 1Q14 were RMB 7.21; diluted earnings per ADS excluding share-based compensation expenses for the 1Q14 were RMB 7.69.Baidu Inc (ADR)(NASDAQ:BIDU) shares after opening at $159.66 moved to $161.40 on last trade day and at the end of the day closed at $159.91. Company price to sales ratio in past twelve months was calculated as 10.97 and price to cash ratio as 9.07. Baidu Inc (ADR)(NASDAQ:BIDU) showed a negative weekly performance of -1.84%.
Weibo, Corp (ADR)(NASDAQ:WB) a micro-blog service of SINA Corp. (SINA_), is feeling the effects of the government crackdown following the revocation of SINA’s license to publish video content on the web, after pornography was discovered on the online platform. Pornography is illegal in China and the government has been working to remove it and other materials, including American television programs, deemed inappropriate from China’s Internet. Weibo Corp (ADR)(NASDAQ:WB) shares fell -0.94% in last trading session and ended the day on $20.03. Weibo Corp (ADR)(NASDAQ:WB) yearly performance is -1.04%.
Chinese Internet company Sina Corp. said Friday it was hit by a $815,000 fine and received notices from the government that certain licenses would be revoked over “unhealthy and indecent content.”Sina said the State Administration of Press, Publication, Radio, Film and Television would revoke the company’s internet publication license and license for online transmission of audio-visual programs because of the content. SINA Corp (NASDAQ:SINA) shares moved down -0.78% in last trading session and was closed at $48.15, while trading in range of $ 47.80 – 49.29. SINA Corp (NASDAQ:SINA) year to date (YTD) performance is -42.85%.
Sohu.com (NASDAQ:SOHU) was upgraded by analysts at HSBC from a neutral rating to an overweight rating. Sohu.com Inc (NASDAQ:SOHU) weekly performance is -0.67%. On last trading day company shares ended up $57.61. Sohu.com Inc (NASDAQ:SOHU) distance from 50-day simple moving average (SMA50) is -15.72%. Analysts mean target price for the company is $76.61.
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