Sohu Drops on Guidance

Shares of China's Sohu.com 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 BIDU, reported earnings after the bell Monday. Shares were little change after Baidu's earnings largely fell in line with expectations.