BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Wednesday reported fourth-quarter profit of $366 million.

On a per-share basis, the Beijing-based company said it had profit of 95 cents. Earnings, adjusted for one-time gains and costs, came to $3.08 per share.

The web search company posted revenue of $4.92 billion in the period.

For the year, the company reported profit of $2.86 billion, or $7.76 per share. Revenue was reported as $18.96 billion.

Baidu Inc. shares have fallen nearly 6% since the beginning of the year. The stock has declined 19% in the last 12 months.

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