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Is Baidu Stock a Buy Now?

Is Baidu Stock a Buy Now?

Baidu (NASDAQ: BIDU) posted its second-quarter report on Aug. 22. Its adjusted net income grew 44% to 8.0 billion yuan ($1.1 billion), or $3.11 per American Depositary Shares (ADS), and also cleared the consensus forecast by $0.78. Baidu's headline numbers were impressive, but its stock rose less than 3% after the report and remains down about 2% over the past 12 months.