• Most Popular
  • Most Shared

Baidu quarterly profit rises more than 70 percent

Thu Apr 24, 2008 5:22pm EDT

Stocks

   

LOS ANGELES, April 24 (Reuters) - Baidu.com Inc (BIDU.O), China's top search engine, said on Thursday its first-quarter profit rose more than 70 percent from the year earlier, buoyed by strong traffic growth and online advertising revenue ahead of the Beijing Olympics.

Stocks  |  Global Markets

Beijing-based Baidu said its first-quarter profit was 146.6 million yuan ($20.9 million) for the three months ended March 31.

The company's corresponding earnings per share were 60 cents for the most recent quarter.

Comparable year-ago figures were not immediately available. (Reporting by Lisa Baertlein and Sophie Taylor)

Stocks
Global Markets


More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Aurora, a 20-year-old Beluga whale, swims with her newborn calf after giving birth at the Vancouver Aquarium in Vancouver, British Columbia June 7, 2009. REUTERS/Andy Clark

365 days for the doomed

From polar bears to emperor penguins, endangered species will get top online billing in 2010 during the Year of Biodiversity.  Full Article 

Green Business