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Baidu’s successful transition to mobile search, which now accounts for more than 50% of revenue, is also the reason it missed on fourth-quarter earnings late Wednesday. China’s dominant search engine provider earned $1.45 per U.S.-listed share, missing the consensus estimate of $1.59. The 11.5% year-over-year gain was also its slowest in four quarters. Revenue in dollars rose 44% to $2.264 billion, slightly ahead of views, but it Scalper1 News
Scalper1 News