Baidu Quarterly Earnings, Revenue Top Expectations, Shares Rise

Baidu (BIDU) late Tuesday said that adjusted fourth-quarter earnings were $2.29 a share, up nearly 20% from a year ago, with revenue rising 29% to $3.62 billion, topping consensus estimates. A year earlier, Baidu earned $1.91 a share on sales of $$2.62 billion. Analysts polled by Zacks Investment Research expected Baidu to earn $2.05 a share on sales of $3.56 billion for the period ended Dec. 31.  Shares in the Chinese internet search leader provider rose 5% to 236.80 in after-hours trading...

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