Baidu Income Surges on Strong Ad Sales | Metaglossia: The Translation World | Scoop.it

Baidu Inc.'s (BIDU, K3SD.SG) second-quarter profit grew 70% as the Chinese Internet-search giant saw its revenue still soaring on stronger ad sales, though costs continued to rise.

American depositary shares jumped 5.1% to $112.55 as results beat analysts' estimates. After shares surged higher starting in 2009, the stock has moved mostly sideways since last year. Through the close, the stock is ...