Loading...
Loading...
Qihoo 360 Technology Co
QIHU reported an 18% rise in its third-quarter profit.
For the current quarter, Qihoo 360 projects revenue of $93 million to $94 million, versus analysts' estimates of $90 million. For the full year, it projects revenue of $319 million to $320 million, versus analysts' estimates of $315 million.
Qihoo 360's quarterly profit climbed to $12.9 million, or $0.11 per American depositary share (ADS), versus $10.9 million, or $0.09 per ADS, in the year-earlier period. Excluding share-based compensation, Qihoo 360 earned $0.20 per ADS. However, analysts were expecting earnings of $0.16 per ADS.
Its revenue surged 77% to $84 million. The company in August expected revenue of $81 million to $82 million.
Qihoo 360 shares gained 4.98% to $24.88 in after-hours trading.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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!
Already a member?Sign in