February 27, 2020 / 9:36 PM / a month ago

Baidu forecasts current-quarter revenue below estimates

Feb 27 (Reuters) - China's Baidu Inc forecast first-quarter revenue below analysts' expectations on Thursday, amid the ongoing coronavirus outbreak in the country.

Baidu, whose search engine dominates the country's market, forecast first-quarter revenue between 21 billion yuan ($2.99 billion) and 22.9 billion yuan, while analysts had expected 23.08 billion yuan, according to IBES data from Refinitiv. ($1 = 7.0128 Chinese yuan renminbi) (Reporting by Akanksha Rana in Bengaluru and Yingzhi Yang in Beijing; Editing by Shailesh Kuber)

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