Second quarter revenue failed to meet analyst expectations

Beijing time July 30 morning news, as the second quarter revenue failed to meet analyst expectations, Sohu (Nasdaq:sohu) Monday closing price fell 9.93%, reported 63.05 U.S. dollars, while Sohu's Tour (nyse:cyou) Monday closing price tumbled 19.89%, Quote 32.9 dollars.

Sohu was profitable in the second quarter of fiscal 2013 and exceeded Wall Street expectations, but revenues did not meet Wall Street's expectations. The failure to meet Wall Street revenue expectations is a negative sign for the fast-growing shareholders.

Sohu's second-quarter results: The adjusted earnings for each share of 0.58 U.S. dollars, compared with the same period of 0.28 U.S. dollars a year ago, an increase of 107.14%. Revenue of 338.9 million U.S. dollars, an increase of 32.52%.

Wall Street Forecast: Wall Street expects Sohu's adjusted earnings to be $0.49 trillion, with a revenue of $3.4027 trillion.

Looking to the future: for Sohu's performance in the next quarter, analysts said more pessimistic. In the past three months, the forecast for Sohu's diluted earnings per share in the next quarter has fallen from $0.71 to $0.56. For the entire 2013 fiscal year, the industry is expected to drop from 2.62 to $2.49 trillion.