Baidu Inc Shares Surge As Results Beat EstimatesMani
Baidu Inc unveiled better-than-anticipated fourth quarter results, as China’s long-dominant Internet search firm’s investments in mobile begin to yield results and attract advertising. Resonating the performance, Baidu's shares surged by as much as 14% in U.S. after-hours trade. Its shares were up 9.37% at $172.95 in New York at the time of writing.
Baidu's sales beat analysts’ estimates
The Beijing-based company’s sales rose 33% to 18.7 billion . . .
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