Baidu.com Inc. Reports 30% Decline In Q2 Earnings

(RTTNews) - Baidu.com Inc. (BIDU) reported earnings for second quarter that decreased from last year.

The company said its profit declined to RMB2.81 billion, or RMB8.08 per share. This was down from RMB4.02 billion, or RMB11.39 per share, in last year's second quarter.

The company said revenue for the quarter rose 10.2% to RMB18.26 billion. This was up from RMB16.57 billion last year.

Baidu.com Inc. earnings at a glance:

-Earnings (Q2): RMB2.81 Bln. vs. RMB4.02 Bln. last year. -Earnings Decline (Y-o-Y): -30.1% -EPS (Q2): RMB8.08 vs. RMB11.39 last year. -EPS Decline (Y-o-Y): -29.1% -Revenue (Q2): RMB18.26 Bln vs. RMB16.57 Bln last year. -Revenue Change (Y-o-Y): 10.2%

-Guidance: Next quarter revenue guidance: RMB18.04 - 18.58 Bln