Baidu Inc. U.S. shares declined in the extended session Wednesday after the Chinese search provider reported quarterly results. Baidu American depositary shares fell 3.5% to $216.76 on moderate volume. Baidu reported third-quarter earnings of $1.90 per ADS on revenue of $2.2 billion. Traffic acquisition costs were $283.8 million for the quarter. Analysts surveyed by FactSet had forecast earnings of $1.69 an ADS on revenue of $2.22 billion. Baidu also forecast fourth-quarter revenue of $2.26 billion to $2.32 billion. Analysts are looking for $2.29 billion.
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