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Baidu Inc. beats 2Q profit forecasts

BEIJING (AP) _ Baidu Inc. (BIDU) on Thursday reported second-quarter earnings of $651 million.

The Beijing-based company said it had net income of $1.67 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $2.36 per share.

The results surpassed Wall Street expectations. The average...