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Sohu Shares Edge Lower as Q2 Results Beat, Q3 Guidance Disappoints

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Morgan Stanley Lowers Price Targets On Two Chinese Media Stocks Inc. (NASDAQ: SOHU) earlier reported Q2 EPS of $0.58 versus the estimated $0.49, beating by $0.09. EPS were Up 107% from the same quarter last year. Revenue came in at $339.0M versus the estimated $340.28M. Sales were Up 33% year over year.

Looking for Q3 sales $358-370M vs $360M estimate, non-GAAP EPS $0.50-0.55 vs $0.56 estimate.

Shares of Sohu last traded at $69 even, down about 1.5 percent.

Posted-In: Earnings News Guidance


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