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China’s search leader Baidu posted a surprise EPS jump in Q1, as the company decelerated its R&D spending. Beijing-based Baidu (BIDU) late Thursday reported earnings per share minus items of $1.24, up 22% from $1.01 in the year-earlier quarter and well above the 95 cents analysts expected. Sales rose 59% to $1.53 billion, just shy of the consensus of $1.54 billion by analysts polled by Thomson Reuters. Baidu forecast current-quarter sales of Scalper1 News
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