Baidu Shares Rise After Earnings Beat

By Wallace WitkowskiMarketWatch Pulse

Baidu Inc. shares rose in the extended session Thursday after the Chinese Internet giant topped Wall Street earnings estimates. Baidu U.S. shares advanced 2.5% to $173.31. The company reported adjusted earnings of $1.43 a share on revenue of $2.89 billion. Analysts surveyed by FactSet had estimated $1.24 a share on revenue of $2.9 billion.

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