U.S.-listed shares of Baidu Inc. rose in Thursday’s extended session after the Chinese search engine announced quarterly results. Baidu reported fourth-quarter earnings of 4.13 billion yuan ($594.7 million), or $1.64 per American depositary share. On an adjusted basis, the company earned $1.91 per ADS. Revenue fell 2.6% to $2.62 billion. Analysts surveyed by FactSet had forecast earnings of $1.09 a share on revenue of $2.66 billion. It also announced the appointment of Chief Operating Officer Qi Lu as vice chairman of the board. Baidu gained 2.2% after hours.
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