Can Sohu.com Bounce Back From a 16-Year Low?
Things just keep getting harder for Sohu.com (NASDAQ: SOHU) investors. Shares of the Chinese online pioneer hit a 16-year low last week after the company posted disappointing financial results. You have to go all the way back to March 2003 to find the last time the stock was trading in the single digits the way it is right now.
Revenue clocked in at $474.8 million for the second quarter, a 2% decline from where it was a year earlier, but a 10% improvement sequentially. This is the fourth quarter in a row that Sohu has posted a year-over-year decline on the top line, though the pace of the declines has moderated with every passing reporting period.
Image source: Sohu.com.
Source Fool.com
