BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Tuesday reported third-quarter net income of $916 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Beijing-based company said it had net income of $2.50. Earnings, adjusted for one-time gains and costs, came to $2.80 per share.
The web search company posted revenue of $4.72 billion in the period.
Baidu Inc. shares have fallen almost 3% since the beginning of the year. The stock has climbed 16% in the last 12 months.
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