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Baidu.com Posts Net Growth but Fails to Impress Investors |
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7:58 AM EDT October 27 2005 |
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Baidu.com Inc., Internet portal, reported Q1 earnings of 8.5 million yuan ($1.06 million), nearly triple the net income of 2.9 million yuan in the year-ago period, but the results fell short of investors’ expectations of faster growth for company in the booming Chinese market. Excluding compensation expenses, Baidu.com would have earned 0.59 yuan (7 cents) per share, a penny above the analyst estimate. |
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