Baidu beats earnings, outlook
+22 AH
finance.yahoo.com
Press Release Source: Baidu, Inc. On Tuesday February 9, 2010, 4:30 pm
BEIJING, Feb. 9 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009(1).
(Logo: newscom.com ) Fourth Quarter and Fiscal Year 2009 Highlights -- Total revenues in the fourth quarter of 2009 were RMB1.261 billion ($184.7 million), a 39.8% increase from the corresponding period in 2008. -- Total revenues in fiscal year 2009 were RMB4.448 billion ($651.6 million), a 39.1% increase from 2008. -- Operating profit in the fourth quarter of 2009 was RMB462.2 million ($67.7 million), a 51.7% increase from the corresponding period in 2008. -- Operating profit in fiscal year 2009 was RMB1.605 billion ($235.1 million), a 46.3% increase from 2008. -- Net income in the fourth quarter of 2009 was RMB427.9 million ($62.7 million), a 48.2% increase from the corresponding period in 2008. Diluted earnings per share ("EPS") for the fourth quarter of 2009 was RMB12.27 ($1.80); diluted EPS excluding share-based compensation expenses (non-GAAP) for the fourth quarter of 2009 was RMB12.80 ($1.88). Costs and expenses related to Baidu's Japan operations for the fourth quarter of 2009 were RMB43.2 million ($6.3 million), which reduced diluted EPS by RMB1.24 ($0.18). |
