Diamonds and Dogs
MicroStrategy Inc. (MSTR)
MicroStrategy's stock is on the move today, up 16%, after a positive earnings report that surpassed the Street's expectations. Revenue was $4 million higher than projections and EPS easily beat analysts' estimates by 44 cents. This surprisingly high EPS can be credited to management's ability to reduce costs. Revenue fell year-over-year, but earnings are still rising, making MicroStrategy look like a more attractive investment.
Baidu Inc. (BIDU)
The Chinese Internet provider, Baidu, is seeing a sharp drop in its share price today, down 13%. Baidu released an earnings report last night, and actually surpassed analyst expectations. Revenue and EPS were both higher than projections, however, forecasts were a little hazier than investors would have liked to see. Revenues are expected to be lower than expectations, and the Chinese economy has been struggling to say the least. Hopefully, Baidu can prove to investors that it can still grow and succeed even in an uncertain economy.