Sohu Monday 5% fall in revenue not expected

Sina Science and technology news Beijing time July 29 night, as the second quarter revenue failed to meet analyst expectations, Sohu (Nasdaq:sohu) shares in the opening fell 5.14 U.S. dollars to 66.4 U.S. dollars, a decline of 5.14%. Analysts have cut earnings forecasts for the next fiscal quarter.

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. To this end, Sohu shares fell 3.43%.

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. (Xiaoran)