Baidu revenue misses estimates amid new shifts

Baidu Inc's third-quarter sales missed analyst estimates as the owner of China's largest Internet search engine pushes deeper into mobile services.

Revenue climbed 52 percent to 13.5 billion yuan ($2.2 billion) from 8.89 billion yuan, the Beijing-based company said in a statement. That compared with the 13.6-billion-yuan average of 12 analysts' estimates compiled by Bloomberg.

The company also issued a sales forecast for the fourth quarter that fell short of predictions.