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Benzinga
Benzinga
Business
Adam Eckert

Why Baidu Shares Are Trading Higher Today

Baidu Inc (NASDAQ:BIDU) is trading higher Tuesday after the company reported better-than-expected fourth-quarter financial results. 

Baidu said quarterly revenue increased 9% year-over-year to $5.19 billion, which beat the $5.09 billion estimate. The company reported quarterly earnings of $1.82 per share, which beat the estimate of $1.38 per share. 

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