Sohu Drops on Guidance
Shares of China's Sohu.com (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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.