Chinese search engine operator Baidu (BIDU) this afternoon reported Q4 revenue and profit per share ahead of expectations and forecast this quarter’s revenue ahead of expectations.
Revenue in the three months ended in December rose to $710.9 million, yielding EPS of 93 cents.
Analysts had been modeling $708 million and EPS of 91 cents.
For the current quarter, the company sees revenue in a range of $667 million to $688 million, ahead of the $670 million average estimate.
Shares of Baidu have been volatile in after-hours trading, falling $3.25, or almost 3%, to $138.58 right after the results, but periodically lapsing back into the green.
Update: The stock is now trading up by $3.67, or 2.6%, at $145.50.
Fin.
