Sohu.com Tops Expectations, Citigroup Reports

Citigroup reports that Sohu.com, Inc. SOHU delivered a solid 3Q10, with revs growing 20% YoY and non-GAAP NI rising 21% YoY, beating top and bottom by 4% and 13%, respectively. “Specifically, branded advs revs grew 22% YoY, at the high end of the guidance range” Citigroup writes. “Sohu guided 4Q branded advs to grow 26%-31% YoY and online games to 22-26% YoY.” Citigroup said that significant EPS outperformance was mainly attributed to margins improvement in brand advs GM and lower S&M and G&A spend. Search revs came in at US$5.4m, significantly higher than previous quarters. Sohu.com closed Friday at $65.76.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst RatingsCitigroupInformation TechnologyInternet Software & ServicesSohu.com
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!