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NEW YORK (AP) - Beijing-based Internet search engine Baidu.com Inc. on Tuesday posted a jump in fourth-quarter profit, topping Wall Street expectations and sending shares up sharply in after-hours electronic trading.
The company, which went public in August, said earnings rose to 24.5 million yuan ($3 million), or 0.71 yuan (9 cents) per share, from 6.4 million yuan, or 0.22 yuan per share, in the year-earlier period.
Excluding share-based compensation, earnings were 1.01 yuan (13 cents) per share in the latest quarter.
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