July 24, 2013 / 8:33 PM / 6 years ago

Baidu's Q2 revenue beats Street, shares surge

SAN FRANCISCO, July 24 (Reuters) - Baidu Inc, China’s largest search engine, posted slightly better-than-expected revenue of $1.23 billion in the second quarter, sending its shares up more than 13 percent.

Analysts had on average expected the company to record revenue of $1.2 billion, according to Thomson Reuters I/B/E/S.

Baidu’s stock rose to $128.63 in after-hours trade, after closing at $113.37 on the Nasdaq.

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