Chinese search giant Baidu, Inc. (NASDAQ: BIDU) finally seems to be back on the path to growth. The company had struggled with lower revenue and sweeping regulatory changes, as well as several public-relations fiascos, for several years. ..In light of its unexpectedly good performance last quarter , investors were looking for more of the same. ...or the just-completed third quarter, Baidu produced revenue of $3.53 billion, up 29% over the prior-year quarter, and topping consensus estimates of $3.47 billion. It also exceeded the high end of Baidu's own forecast of $3.503 billion. Earnings per diluted share of $3.62, or $3.89 on an adjusted basis, blew past analysts' expectations of $2.19 per share. Mobile revenue grew to 73% of the total, compared with 64% in the same period last year.Online advertising continues to provide the lion's share of Baidu's revenue, growing to $3.02 billion in the current quarter, up 22% year over year.
....Research and development expenses increased 24% year over year,
www.nasdaq.com/article/...-return-to-growth-continues-cm868487