Baidu Inc., which runs China's leading Internet search engine, said Monday that its third-quarter profit jumped 42 percent as revenue from online marketing services climbed.
American Depositary Shares of Baidu, which also predicted fourth-quarter revenue below analyst estimates, fell $55.27, or 12.8 percent, in after-hours trading, after finishing regular trading down $2.34 at $432.97.
The company earned 492.9 million yuan ($72.2 million), or 14.14 yuan ($2.07) per share. When excluding one-time items, Baidu's profit totaled 14.75 yuan ($2.16) per share.
In the year-ago quarter, Baidu earned 347.9 million yuan, or 10 yuan per share.
Revenue rose 39 percent to yuan 1.28 billion ($187.3 million). Revenue from online marketing services climbed 39 percent to 1.28 billion yuan ($187.2 million).





Email to Friends
Comment (