In a sign of the strength of the search market in China, Baidu (NSDQ: BIDU) first quarter 2009 revenue was up 41 percent year on year, to $118.6 million, and operating profit jumped 32 percent, to $29.1 million. Earnings per share was $0.76. Analysts had been expecting revenue of $115 million and EPS of $0.74.
Baidu, which controls 64 percent of the Chinese search market, said it expected second-quarter 2009 revenue to grow between 32 percent and 36 percent.
Chinese search engine Baidu (NSDQ: BIDU) reported its Q2 results today, and its profits came in at 265 million yuan, or $38.6 million, versus 141.9 million yuan ($20.7 million) a year earlier, beating the average expectation of $35.... Read Post
Chinese internet search giant Baidu (NSDQ: BIDU) reported a 95 percent increase in net income on Monday, beating Wall Street expectations and sending the company’s shares up nearly seven percent in after-hours trading. Baidu said st... Read Post
Baidu (NSDQ: BIDU) posted big gains in revenue and net income, as it continued to increase its share of the search engine market share in China during the quarter. The company’s revenue jumped 37 percent and net income was up 45 per... Read Post