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Baidu.com (BIDU) Tops Q1 EPS by 9c

April 29, 2015 4:33 PM EDT

Baidu.com (NASDAQ: BIDU) reported Q1 EPS of $1.22, versus the consensus of $1.13. Revenue for the quarter rose 34% to $2.05 billion.

"Mobile's tremendous momentum continued this quarter, with mobile contributing 50% of total revenue," said Robin Li, chairman and CEO of Baidu. "Baidu is redefining the search box by building an ecosystem to connect people with services and drive closed loop transactions. Baidu's platform is comprehensive and robust, and we plan to fully exploit the huge growth potential ahead -- in mobile marketing, online to offline, and key select verticals such as healthcare, education and financial services -- by leveraging our solid mobile foundation, exceptional technology advantage, and proven operational experience."

"We continue to execute on our investment plan to capture the vast growth opportunities ahead and fulfill our vision," said Jennifer Li, chief financial officer of Baidu. "We are very pleased with the strong traction we have gained thus far and will continue to set our sights high for greater future progress."

Outlook for Second Quarter 2015

Baidu currently expects to generate total revenues in an amount ranging from RMB16.365 billion ($2.640 billion) to RMB16.750 billion ($2.702 billion) for the second quarter of 2015, representing a 36.5% to 39.7% year-over-year increase. This forecast reflects Baidu's current and preliminary view, which is subject to change.

For earnings history and earnings-related data on Baidu.com (BIDU) click here.



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