Baidu Inc.: Fourth Quarter Earnings Overview

Baidu Inc. Announces Fourth-Quarter Financial Results

Baidu Inc., headquartered in Beijing, reported a net profit of $255 million for the fourth quarter.

The company’s earnings translated to $0.53 per share. After adjusting for severance payments and stock-based compensation, adjusted earnings reached $1.52 per share.

During the same period, Baidu generated $4.68 billion in revenue.

For the full year, Baidu recorded a total profit of $799 million, or $1.68 per share, with annual revenue amounting to $18.46 billion.

Since the start of the year, Baidu’s stock price has increased by 1.5%. Over the past year, the shares have surged by 49%.