Baidu Inc. U.S. shares rose in the extended session Tuesday after the Chinese internet company topped Wall Street estimates for the quarter. Baidu’s U.S. shares rose 4.2% to $235 after hours. The company reported fourth-quarter net income of $639 million, or $1.90 per U.S. share, on revenue of $3.62 billion. Adjusted earnings were $2.29 per U.S share. Analysts surveyed by FactSet had estimated $2.16 a share on revenue of $3.66 billion. For the first quarter, Baidu estimates revenue of $3.05 billion to $3.22 billion under new revenue accounting standards. Under the old standard, the forecast would have been $3.24 billion to $3,42 billion. Analysts expect revenue of $3.4 billion.
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