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Baidu Reports 118 Percent Rise In Profits

July 22, 2010, 12:00 pm
Baidu's second quarter was in many (positive) respects a doozy. The company released its earnings report last night, and posted some very interesting numbers as it beat analysts' estimates. One key stat: profits rose 118 percent on a year-over-year basis. That means profits totaled about 837.4 million yuan, or $123.5 million. Baidu managed to report $282.3 million in revenue, too, even though analysts just expected to see $267.9 million, and earnings per share hit $0.

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