Baidu.com reported second quarter results that surpassed analysts’ forecasts on both the top and bottom lines, sending shares of the Beijing, China, Web portal 5.9% higher in after-hours trading to $166.50.    The stock had reached an all-time high intraday Monday of $157.90 on brisk volume.

Baidu produced net income of $252.6 million, or $0.72 per share, for the period ended June 30, up 95%from the same period in 2010.  Total revenue came in at $528.4 million, up 78.4 from a year before.

The 16 analysts who follow Baidu.com were expecting, on average, earnings per share of $0.66 on revenue of $502.3 million.

The stock had gained 34% in the past month since dropping below $120 in mid-June.   It’s old high was $156.04 back in April.  If shares retain their bump when trading in the ADRs resumes by Tuesday morning, Baidu will have completed a three-month consolidation as it breaks out to new highs.

Baidu is often referred to as the “Google of China,” referring to its dominance of the search business.  Google is not in China, having pulled out over objections regarding privacy and government censorship.

One guy who was early into Baidu.com, as well as several other “ten-bagger” stocks, is Jim Oberweis, editor of the Oberweis Report and manager of several mutual funds focused on China and small-cap growth stocks.

Click on the Market Blaster video below to see Oberweis discuss his strategy for identifying and holding shares in rapidly growing growing companies like Baidu.com, Green Mountain Coffee Roasters and Hansen Natural.