Baidu's Guidance Not Good Enough for the Street

Baidu, Inc.(ADR) (NASDAQ:BIDU), China's version of Google (NASDAQ:GOOG) shares fell 13% after-hours and are now in the $375 range.

Baidu's (BIDU) Q3 earings jumped an impressive 42%, but its guidance for Q4 2009 was not good enough for Wall Street and disappointed analysts. Baidu's earnings fell to 492.9 million yuan ($72.2 million), or 14.14 yuan ($2.07) per American depositary share, compared with 347.9 million yuan, or 10 yuan per ADS, a year earlier.

Revenue rose 39% to 1.28 billion yuan ($187.3 million). But Baidu's American depositary shares dropped 11% at one point in after-hours trading, falling to $385.03. The Chinese Internet giant gave a fourth-quarter revenue projection of $174 million to $180 million, well below the $205 million expected analysts, according to Dow Jones Newswires.

Again, Baidu is no Google, get ready for the selloff come Tuesday.