Friday, 17 May 2019

Baidu forecasts quarterly revenue below estimates, shares fall

Baidu forecasts quarterly revenue below estimates, shares fall(Reuters) - Chinese search engine operator Baidu Inc on Thursday reported lower-than-expected first-quarter earnings and forecast quarterly revenue below estimates, sending its shares down 8% in extended trading. Revenue from its online marketing services business, a major contributor to overall sales, rose nearly 3% to 17.66 billion yuan ($2.57 billion), but missed estimates of $2.66 billion, according to research firm FactSet. ...




from Yahoo News - Latest News & Headlines https://yhoo.it/30oOd2J

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