Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Baidu
So what: Total revenue jumped 60% to $858.8 million, with operating profit of $443.1 million. Net income was $436 million, or $1.24 per share. On an adjusted basis, the bottom line came in at $1.26 per share. That bottom line handily beat analyst expectations.
Now what: Some other Chinese Internet companies are now also basking in the glow, including Dangdang
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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Baidu. Motley Fool newsletter services have recommended buying shares of SINA and Baidu. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.