BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Thursday reported fourth-quarter net income of $255 million.
On a per-share basis, the Beijing-based company said it had net income of 53 cents. Earnings, adjusted for severance costs and stock option expense, came to $1.52 per share.
The web search company posted revenue of $4.68 billion in the period.
For the year, the company reported profit of $799 million, or $1.68 per share. Revenue was reported as $18.46 billion.
Baidu Inc. shares have risen 1.5% since the beginning of the year. The stock has climbed 49% in the last 12 months.
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