U.S. markets close in 45 minutes

  • S&P 500

    4,342.98
    +12.98 (+0.30%)
     

  • Dow 30

    34,126.70
    +56.28 (+0.17%)
     

  • Nasdaq

    13,284.05
    +60.07 (+0.45%)
     

  • Russell 2000

    1,779.45
    -2.37 (-0.13%)
     

  • Crude Oil

    90.32
    +0.69 (+0.77%)
     

  • Gold

    1,944.40
    +4.80 (+0.25%)
     

  • Silver

    23.82
    +0.13 (+0.56%)
     

  • EUR/USD

    1.0652
    -0.0010 (-0.10%)
     

  • 10-Yr Bond

    4.4380
    -0.0420 (-0.94%)
     

  • GBP/USD

    1.2247
    -0.0047 (-0.38%)
     

  • USD/JPY

    148.3770
    +0.8140 (+0.55%)
     

  • Bitcoin USD

    26,620.74
    +51.93 (+0.20%)
     

  • CMC Crypto 200

    568.00
    -0.05 (-0.01%)
     

  • FTSE 100

    7,683.91
    +5.29 (+0.07%)
     

  • Nikkei 225

    32,402.41
    -168.62 (-0.52%)
     

China's Baidu Q4 revenue tops forecast, shares jump after hours

Reuters

SAN FRANCISCO, Feb 26 (Reuters) - Chinese Internet company Baidu Inc generated revenue of 9.52 billion yuan for the final three months of the year, as strong mobile revenues helped it exceed its own forecast.

Shares of Baidu jumped more than 8 percent in after hours trade on Wednesday to 187.50.

Baidu's 50.3 percent year-over-year revenue increase marked the fastest rate of growth in more than a year. The company had projected fourth-quarter revenue of 9.22 billion yuan to 9.48 billion yuan.