Baidu (BIDU) made a new high today in its recent uptrend. Analysts believe that mobile search revenues could surprise everybody. Click through rates have been astonishingly high for ads on mobile devices.
Mobile revenues came in at a record share of more than 10% of total revenues. On the other hand, margins contracted somewhat caused by larger traffic acquisition costs, content and bandwidth expenses, and promotional and R&D investments. But the market seemed to be more impressed by the good news and so Baidu (BIDU) gapped up. […]