BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Thursday reported second-quarter net income of $755 million.
The Beijing-based company said it had net income of $2.07 per share. Earnings, adjusted for one-time gains and costs, came to $2.89 per share.
The web search company posted revenue of $4.67 billion in the period.
Baidu Inc. shares have dropped 25% since the beginning of the year. The stock has declined 28% in the last 12 months.
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