Baidu, Inc. (BIDU) reported net income for the first quarter of RMB2.04 billion, or $328.9 million, compared to RMB1.88 billion for the year-ago quarter.
Earnings per ADS for the first quarter amounted to RMB5.88, or $0.95, compared to RMB5.38 in the prior year quarter.
Earnings per ADS excluding share-based compensation expenses for the latest quarter amounted to RMB6.20, or $1.00.
Baidu's total revenues for the first quarter rose 40% year-over-year to RMB5.969 billion, or $961.0 million.
Analysts polled by Thomson Reuters expected the company to earn $1.03 per share on revenue $969.00 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward, the company forecast second quarter revenue of RMB7.370 billion ($1.187 billion) to RMB7.550 billion ($1.216 billion). Analysts currently expect the company to post revenue of $1.20 billion for the second quarter.
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