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Technology Stocks : Baidu (BIDU)

BIDU 123.30

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From: Paul Chiu	2/13/2008 4:50:43 PM
	of 2098

Feb. 14 (Bloomberg) -- Baidu.com Inc., operator of China's most-used Internet search site, said fourth-quarter profit rose 79 percent after new services helped win users from rivals such as Yahoo! Inc. Net income increased to 219.8 million yuan ($30.5 million), or 6.32 yuan per American depositary receipt, from 122.8 million yuan, or 3.54 yuan, a year earlier, Baidu said in a statement distributed by PR Newswire today. Sales more than doubled to 571.1 million yuan from 271.3 million yuan. The Beijing-based company was expected to post 184.1 million yuan in profit, according to the average of seven estimates compiled by Bloomberg. Sales were projected to be 548.3 million yuan, based on 12 analysts' estimates.

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