Baidu’s 1Q Earnings Of $328.9M Misses Analysts’ Estimates As Its R&D Costs Soar

Baidu posted double-digit percentage revenue growth in 1Q2013–but its earnings still missed analysts’ expectations as the Chinese search giant’s costs soared.

Baidu’s 1Q2013 net income increased 8.5 percent to $328.9 million (2.043 billion RMB), short of the $354.9 million (2.19…

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