WebProNews

Baidu Nails Q2 Earnings Report

Baidu, China's equivalent of Google, released another earnings report last night, and the company's continuing to impress onlookers at every turn.  Baidu beat analysts' estimates and made some very positive predictions regarding the next quarter. Here are the key stats: the company's revenue climbed 36.7 percent on a year-over-year basis, reaching $160.7 million compared to forecasts of $158 million.  Also, it reported earnings of $1.61 per share, even though analysts only expected to see something like $1.44.