Sohu.com Set To Party With Monday's Earnings Report
October 24, 2009 9:16 PM
Sohu.com (Nasdaq: SOHU), the Chinese Internet content provider, reports third-quarter earnings on Monday and analysts are expecting a profit of 89 cents a share on sales of $136.36 million. JP Morgan previewed SOHU's Q3:2009 earnings, and maintained Overweight rating on SOHU, with $74 price target, while Pali Capital upgraded Sohu to "neutral" from "sell."
Obviously, Sohu.com will be in play on Monday, but given that stock has tacked on more than 30% since June and that China's Google (Nasdaq: GOOG), Baidu (Nasdaq: BIDU) reports earnings on Tuesday, Sohu.com could see some nice trading action throughout the week.
Options activity on Friday was strong as quadruple the normal amount of calls changed hands and triple the amount of puts traded. Noteworthy was a 3% rise in implied volatility in the November strikes to 48% from 45%
