Baidu Inc. (BIDU: Quote) reported second quarter earnings per ADS of $1.26 after the bell Monday, excluding share-based compensation expenses. Revenues increased to $858.8 million. The consensus estimates were for EPS of $1.12 and revenues of $850.78 million. The stock is now up 5.60 on 847K shares.
Baidu gapped open lower Monday, but traded in a range for the bulk of the session. The stock closed down by 3.13 at $107.10 on above average volume.
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by RTT Staff Writer
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