The U.S.-listed shares of Baidu Inc. shot up 7.4% in premarket trading Wednesday, after the China-based internet search and online marketing company reported...
The U.S.-listed shares of Baidu Inc.
shot up 7.4% in premarket trading Wednesday, after the China-based internet search and online marketing company reported a big fourth-quarter profit beat and announced a new $5 billion share repurchase program. Net income nearly tripled, to RMB4.95 billion , or RMB13.59 per American depositary share , from RMB1.72 billion, or RMB4.51 per ADS, in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB15.25 beat the FactSet consensus of RMB13.83.
shot up 7.4% in premarket trading Wednesday, after the China-based internet search and online marketing company reported a big fourth-quarter profit beat and announced a new $5 billion share repurchase program. Net income nearly tripled, to RMB4.95 billion , or RMB13.59 per American depositary share , from RMB1.72 billion, or RMB4.51 per ADS, in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB15.25 beat the FactSet consensus of RMB13.83.
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