NEW YORK (TheStreet) -- Baidu (BIDU) - Get Report stock is spiking 9.78% to $173.69 in afternoon trading on Friday after reporting its 2015 fourth quarter earnings. 

After yesterday's market close, the Chinese Internet search firm reported that revenue surged 33% to 18.7 billion yuan ($2.86 billion) for the quarter. Revenue beat analysts' expectations for 18.5 billion yuan, according to Bloomberg. 

The significant increase was driven largely by mobile revenue, which represented 56% of total sales compared to 42% in the year-ago period. 

Baidu reported adjusted earnings of 7.61 yuan per ADS for the quarter. 

The company expects that 2016 first quarter revenue will range between 15.4 billion yuan and 16 billion yuan. Wall Street is looking for revenue of 16.3 billion yuan. 

Separately, TheStreet Ratings team rates the stock as a "Buy" with a ratings score of B-.

TST Recommends

Baidu's strengths such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: BIDU

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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