Baidu Inc (ADR) (BIDU) Earnings Beat Estimates, Shares Surge

Baidu Inc (ADR) (NASDAQ:BIDU) released its earnings report for the three months ending March 31 this afternoon after the market closed in New York. The company showed earnings per share of $1.24 for the quarter, which the company records as its first of 2014. Revenue for the three month period came in at $1.52 billion. Shares in the Chinese internet giant trended up on Monday's market and finished the day at $159.74.

In the run up to the release of the company's report, analysts following Baidu Inc (ADR) (NASDAQ:BIDU) said they expected the firm to report earnings...