UPDATE: Sohu Q3 Profit Drops 20%
Sohu.com (NASDAQ: SOHU) reported a 20% drop in its third-quarter profit.
Sohu's quarterly earnings declined to $41 million, from $51.5 million, in the year-ago period.
Its revenue climbed 29% to $368 million.
Sohu expects Q4 revenue of $378 million to $390 million, versus analysts' estimates of $375.9 million.
Sohu shares tumbled 8.65% to $74.38 in pre-market trading.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.