Baidu said its net profit for the second quarter rose 5.3% from a year earlier to 5.49 billion yuan, equivalent to $769.7 million. That was better than the 5.13 billion yuan expected by analysts in a Fact-Set poll.
Revenue edged 0.4% lower to 33.93 billion yuan, roughly in line with analysts’ estimates of 33.62 billion yuan.
Adjusted net profit, which excludes the effects of share based compensation.
expenses, fair-value changes in long term investments, and disposal gains and losses, fell 7.5% to 7.4 billion yuan.
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