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Earnings: Baidu Beats Expectations; Next Quarter Looks Strong Too

imageIn a sign of the strength of the search market in China, Baidu (NSDQ: BIDU) first quarter 2009 revenue was up 41 percent year on year, to $118.6 million, and operating profit jumped 32 percent, to $29.1 million. Earnings per share was $0.76. Analysts had been expecting revenue of $115 million and EPS of $0.74.

Baidu, which controls 64 percent of the Chinese search market, said it expected second-quarter 2009 revenue to grow between 32 percent and 36 percent.

Highlights for the quarter include:

One Response to “Earnings: Baidu Beats Expectations; Next Quarter Looks Strong Too”

  1. R. Clapp

    BAIDU is like the "Perils of Pauline". If you read all the negative news items and listen to the dire consequences predicted by most of these so called experts, you are sure to be convinced the train will run over the pretty maiden tied to the RR tracks by the arch villian. When in truth Baidu keeps exceeding their guidance Quarter after Quarter, Year after Year. With the growth in the Chinese economy and potential customers Baidu is in a remarkable position to continue to flourish. Don't be mislead. Long run, "sky is the limit". Best to you.