Thursday, May 11, 2006 Soars 30 pct on Earns Report

From Reuters:

"Shares of Inc. soared more than 30 percent on Wednesday, a day after the Chinese Web search leader said quarterly profit soared and forecast revenue well ahead of analysts' estimates."

"Baidu, which is based in Beijing, on Tuesday posted first-quarter net profit of 35.2 million yuan ($4.4 million), or 1.02 yuan (13 cents) per share, compared with 2.5 million yuan, or 0.08 yuan per share, a year ago."


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