Here's the Reuters version, adding some color:
Q3 revs $135.4 mln in line with Reuters Estimates view
* Sees Q4 rev $151-$155 mln, at/above midpoint forecasts
* Shares down 4.3 percent in after-hours trade (Adds earnings details, dateline)
SAN FRANCISCO, Oct 22 (Reuters) - Chinese Internet search leader Baidu Inc posted a 91 percent rise in quarterly profit as sales met expectations amid a surge in Web usage tied to the Beijing Olympics.
Net income for the Beijing-based company rose to 347.9 million yuan ($51.2 million), or 10 yuan per diluted share, from 181.7 million yuan ($24.2 million), or 5.23 yuan a diluted share. The latest quarter's net represents $1.47 per share.
Revenue grew to 919.1 million yuan, or $135.4 million, an 85 percent increase from the year-earlier quarter.
Analysts, on average, had expected revenue of $135.2 million, according to Reuters Estimates. Forecasts ranged from $127.9 million to $140.5 million, which represents growth of 93 percent to 112 percent.
Baidu shares fell 4.3 percent to $238.35 in extended trade following the report, after closing up 42 cents at $249.09 on Nasdaq. (Reporting by Eric Auchard in San Francisco and Kirby Chien in Beijing, editing by Richard Chang) |
