BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Wednesday reported first-quarter earnings of $1.06 billion.
On a per-share basis, the Beijing-based company said it had net income of $2.98. Earnings, adjusted for one-time gains and costs, came to $2.55 per share.
The web search company posted revenue of $4.47 billion in the period.
Baidu Inc. shares have climbed 6% since the beginning of the year. The stock has fallen 18% in the last 12 months.
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