HAIDIAN DISTRICT, China (AP) — HAIDIAN DISTRICT, China (AP) — Baidu Inc. (BIDU) on Monday reported first-quarter earnings of $499 million.

On a per-share basis, the Haidian District, China-based company said it had net income of $1.27. Earnings, adjusted for one-time gains and costs, came to $1.75 per share.

The web search company posted revenue of $4.65 billion in the period.

Baidu Inc. shares have increased almost 4% since the beginning of the year. The stock has increased 51% in the last 12 months.

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