HAIDIAN DISTRICT, China (AP) — HAIDIAN DISTRICT, China (AP) — Baidu Inc. (BIDU) on Tuesday reported second-quarter net income of $342 million.
The Haidian District, China-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.06 per share.
The web search company posted revenue of $4.62 billion in the period.
Baidu Inc. shares have dropped 20% since the beginning of the year. The stock has increased 16% in the last 12 months.
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