Sohu.com Gets Mixed Up in Q3
Sohu.com (NASDAQ: SOHU) is hitting on nearly all cylinders, but sometimes that isn't enough. Shares of the Chinese online advertising, search, and gaming specialist moved lower on Friday after the company posted mixed financial results. The stock had hit a two-year high in mid-October.
Sohu's revenue clocked in at $516.1 million for its third quarter, a 25.7% spike when pitted against the prior year's showing. It's Sohu's healthiest year-over-year gain in revenue since late 2013, and it follows a streak of six consecutive quarters of declining revenue that ended with a nearly 10% gain in this year's second quarter. This also naturally means that the company was going up against depressed results from a year earlier. And as impressive as the growth may seem to be, Sohu actually generated $522.1 million in revenue during the same quarter two years ago.
Image source: Sohu.com.
Source: Fool.com
