Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,446.28
    +64.93 (+0.77%)
     

  • Bitcoin USD

    63,253.39
    +1,875.44 (+3.06%)
     

  • CMC Crypto 200

    1,306.85
    -51.16 (-3.77%)
     

  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     

  • Dow

    39,387.76
    +331.36 (+0.85%)
     

  • Nasdaq

    16,346.26
    +43.46 (+0.27%)
     

  • Gold

    2,372.80
    +32.50 (+1.39%)
     

  • Crude Oil

    79.72
    +0.46 (+0.58%)
     

  • 10-Yr Bond

    4.4790
    +0.0300 (+0.67%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

China's Baidu outpaces Street targets as mobile revenue surges

Reuters
People talk in front of a Baidu's company logo at Baidu's headquarters in Beijing January 16, 2014. REUTERS/Jason Lee/Files

SAN FRANCISCO (Reuters) - Baidu Inc (BIDU.O), China’s biggest Internet search company, blew away Wall Street's targets with a 34.1 percent jump in quarterly net profit, helped by a surge in mobile revenue.

It shares climbed 7.3 percent in after hours trading to $219.20, from a close of $204.27 on the Nasdaq.

Net income attributable to shareholders rose to 3.55 billion yuan ($571.7 million) in the three months ending June, beating analyst estimates of 2.82 billion yuan, according to Thomson Reuters SmartEstimate.

($1 = 6.1944 Chinese Yuan)

(Reporting by Edwin Chan; Editing by David Gregorio)