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Feb. 15, 2007 at 9:01am Eastern by Barry Schwartz
Baidu 4th Quarter Profits Quintupled
Reuters reports that Baidu's fourth quarter profits "soared 400 percent." Baidu's fourth quarter net income increased to "122.8 million yuan (US$15.7 million), or 3.54 yuan (45 cents) per diluted share, compared with the year-earlier quarter's 24.5 million yuan, or 0.71 yuan per diluted share." But they expect revenue to "decelerate sharply" in the first quarter of 2007.
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By Barry Schwartz
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