Baidu reported total moncler jacket revenues of RMB1.294 billion ($189.6 million) for the first quarter of 2010, representing a 59.6% increase ball valve from the corresponding period in 2009. Online marketing revenues for the first visvim sneakers quarter of 2010 were RMB1.293 billion ($189.5 million), representing a 59.6% increase from the corresponding period in 2009. Baidu had LED rope around 221,000 active online marketing customers in the first quarter of 2010, representing a 19.5% increase from the corresponding period in inflatable life jackets 2009 and a 0.9% decrease from the previous quarter. Revenue per online marketing customer for the first eyeglasses frames quarter was approximately RMB5,900($864), a 34.1% increase from the corresponding period in 2009 and a 3.5% increase from the previous quarter. Traffic acquisition costs (TAC) as a component Prom Dresses of cost of revenues were RMB171.3 million ($25.1 million), representing 13.2% of total revenues, as compared to 15.3% in the corresponding period replica breitling WATCHES in 2009 and 16.0% in the fourth quarter of 2009. The decrease in TAC as a nike air max shoes percentage china valve of total revenues reflects cheap nike sneakers initiatives to drive quality improvements on Baidu Union traffic. Bandwidth costs as a component RX safety glasses of cost of revenues were RMB58.0 million ($8.5 million), representing 4.5% of total revenues, compared to 6.0% in the corresponding period in 2009. Depreciation costs as a component of cost of revenues were RMB65.9 million ($9.7 million), representing 5.1% of total revenues, compared to 7.4% in the corresponding christian louboutin pumps period in 2009. The decreases in bandwidth and depreciation costs as percentages of total revenues reflect efficiency improvements cheap handbags as well as increased scalability of investment in capital expenditure. Selling, general and administrative expenses were new era caps RMB214.6 million ($31.4 million), representing an increase of 5.0% from the corresponding period leather handbags in 2009, primarily due to increased sales headcount. The increase was partly offset by lower marketing expenses. Research and development expenses were RMB122.1 million ($17.9 million), representing a 42.6% increase from the corresponding period in 2009, primarily due to increased R&D personnel expenses. Share-based compensation expenses, which were allocated to related operating leather handbags costs and expense line items, decreased in aggregate by 16.7% to RMB19.5 million ($2.9 million) in the first quarter of 2010 from RMB23.5 million in the corresponding period in 2009. Operating profit was RMB530.8 million ($77.8 million), representing Louis vuitton shoes a 167.4% increase from the corresponding period in 2009. Operating profit excluding share-based compensation expenses soccer shirts (non-GAAP) was RMB550.3 million ($80.6 million), a 147.9% increase from the corresponding period in 2009. Income tax expense was Wholesale nfl jerseys RMB70.7 million ($10.4 million), compared to an income tax expense of RMB26.9 million for the corresponding Knife gate valve period in 2009. The effective tax rate for the first quarter of 2010 was 12.8% as compared to 12.9% for the corresponding wedding gown period in 2009. Net income was RMB480.5 million ($70.4 million), representing a 165.3% increase from the corresponding period in 2009. Basic and cheap dunk diluted EPS for the first quarter of 2010 amounted to hydraulic hose RMB13.82($2.02) and RMB13.77($2.02), respectively.