Baidu.com (NASDAQ: BIDU) reported Q2 EPS of RMB10.72, RMB2.57 better than the analyst estimate of RMB8.15. Revenue for the quarter came in at RMB11.99 billion versus the consensus estimate of RMB11.95 billion.

Q2 Revs and EPS were $1.93 billion and $1.73, respectively. The Street was looking for Q2 EPS of $1.40.

"We had a great quarter as we continued to build very strong mobile momentum. As the clear leader in mobile search, mobile map and app distribution, mobile revenue for the first time ever contributed to 30 percent of our total revenue", said Robin Li, chairman and chief executive officer of Baidu. "We deepened our investment in advanced technologies like Deep Learning, which is already yielding near term enhancements in user experience and customer ROI and is expected to drive transformational change over the longer term."

Mr. Li continued,"Baidu's scope now embraces 'connecting people with services', and we will continue leveraging our vast traffic resources, deep product portfolio and world class technology to fulfill this broader mission. Whether a user is looking for information, content or services, Baidu offers a seamless, integrated experience, from query to fulfillment."

"In the second quarter, revenue remained on a solid growth trajectory, with mobile as an integral part of our business that is a clear driver of our topline," commented Jennifer Li, Baidu's chief financial officer. "We will continue to invest in product and technology to deepen our market leadership and fulfill our long-term vision."

Baidu currently expects to generate total revenues in an amount ranging from RMB13.420 billion ($2.163 billion) to RMB13.780 billion ($2.221 billion) for the third quarter of 2014, representing a 50.9% to 55.0% 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.