Market Overview

Sohu Drops on Guidance


Shares of China's (NASDAQ: SOHU) fell over 5 percent on Monday after the company's guidance disappointed investors. The company said earnings would come in around $0.50-0.55, analysts were expecting $0.77.

Still, Sohu guided its revenue up, saying sales would fall within the range of $290-299 million, more than the $280 million estimate.

Another Chinese Internet company, Baidu (NASDAQ: BIDU), reported earnings after the bell Monday. Shares were little change after Baidu's earnings largely fell in line with expectations.

Posted-In: Earnings News Guidance After-Hours Center Movers Trading Ideas


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