Yahoo Finance

BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Wednesday reported first-quarter earnings of $1.06 billion.

On a per-share basis, the Beijing-based company said it had net income of $2.98. Earnings, adjusted for one-time gains and costs, came to $2.55 per share.

The web search company posted revenue of $4.47 billion in the period.

Baidu Inc. shares have climbed 6% since the beginning of the year. The stock has fallen 18% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIDU at https://www.zacks.com/ap/BIDU