BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Tuesday reported a third-quarter loss of $1.58 billion, after reporting a profit in the same period a year earlier.
The Beijing-based company said it had a loss of $4.76 per share. Earnings, adjusted for one-time gains and costs, were $1.56 per share.
The web search company posted revenue of $4.38 billion in the period.
Baidu Inc. shares have increased 35% since the beginning of the year. The stock has risen 35% in the last 12 months.
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