Why Baidu (BIDU) Stock Is Higher Friday

NEW YORK (TheStreet) -- Shares of Baidu Inc. (BIDU) are higher 2.14% to 163.16 on Friday after the Chinese language search engine released its first quarter 2014 results.

The company noted a 7.4% increase of $381.8 million in operating profit, compared to $355.9 million reported during the same quarter in 2013.

Net income rose 24.1% to $407.8 million, versus the $328.9 million Baidu earned during the first quarter of 2013.

Total revenue for the first quarter 2014 was $1.528 billion, a 59.1% increase from the 961.0 million earned during the same period in 2013.

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TheStreet Ratings team rates BAIDU INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate BAIDU INC (BIDU) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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