Thursday, February 27, 2014

Baidu Inc Beats Earnings Expectations

Baidu Inc reported $1.563 billion in online marketing revenue, a 50.3% increase from the same quarter a year ago. The company posted earnings of $1.39 per share on $1.57 billion in revenue for the quarter. 

Analysts had been expecting the Chinese search engine giant to post earnings of $1.37 per share on revenue of $1.53 billion.  Here is more on Baidu beating earning estimates.