Sohu's revenue fell 3% before the expected price

Sina Science and technology news Beijing time of July 29 night, wallstcheatsheet.com website published in Monday, Sohu (nasdaq:sohu) second-quarter revenue failed to meet analyst expectations and led to a 3.43% decline in share prices. 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.

CEO Charles Zhang's assessment: The second quarter of our business lines have achieved encouraging results. In particular, online video, 2013 years ago 7 months, almost all operating data were significantly increased, performance in users, traffic and revenue are strong growth. Sogou and swim business continue to maintain a good momentum, further tamping solid foundation. In the second quarter, total revenue grew 33% to 3.39 dollars year-on-year.

First quarter results: Revenue of 307.6 million U.S. dollars, diluted earnings per share of 0.60 U.S. dollars.

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. (Li Ming)