Baidu Inc Shares Fall After Earnings Miss

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Baidu Inc Shares Fall After Earnings Miss

Baidu released its latest quarterly earnings report after closing bell tonight, posting adjusted earnings of RMB11.19 per ADS or $1.81 per share on RMB16.58 billion ($2.673 billion) in revenue, a 38.8% year over year increase. Analysts had been looking for earnings of RMB10.58 or $1.88 per share on revenue of RMB16.57 billion for the second quarter.

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