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China’s Baidu revises earnings date on coronavirus fears – Source Reuters Tech News

FILE PHOTO: Baidu’s logo is pictured at the 2018 Baidu World conference and exhibit to showcase its latest AI technology in Beijing, China, November 1, 2018. REUTERS/Jason Lee

(Reuters) – Chinese search engine company Baidu Inc (BIDU.O) said on Friday it is delaying the announcement of its fourth-quarter results and advised its employees to work from home for a time period after the Chinese New Year holidays due to the coronavirus situation.

The company also raised its revenue forecast range for the fourth quarter to between 28.3 billion yuan ($4.10 billion) and 28.9 billion yuan, from 27.1 billion yuan to 28.7 billion yuan.

Baidu was earlier expected to report fourth-quarter results on Feb. 6.

Shares of the company, which now expects to report the results on Feb. 27, were up 5% in extended trading.

Reporting by Akanksha Rana in Bengaluru; Editing by Maju Samuel

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