UPDATE: Sohu Q3 Profit Drops 20%

Sohu.com

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.