The Qihoo closed down 7% in 360 weeks.

August 26 Morning News, Qihoo 360 (Nyse:qihu) closed in Monday, the shares fell 7.88 U.S. dollars for 93.87 U.S. dollars, a decrease of 7.74%.

Qihoo 360 yesterday released its unaudited earnings for the second quarter of fiscal year 2014 as at June 30, 2014. The earnings show that Qihoo 360 achieved revenue of 317.9 million U.S. dollars, an increase of 109.6% year-on-year, net profit of 39.1 million U.S. dollars, compared with last year's 33 million U.S. dollar year-on-year growth of 18.5%.

According to Yahoo's financial data, 10 of Wall Street analysts on average expect to be out of $0.46 trillion on U.S. depository receipts per share of Qihoo 360 in the first quarter of NON-GAAP, not according to the US General accounting standards. Earnings showed that Qihoo 360 in the first quarter of each ads diluted earnings of 0.50 U.S. dollars, more than analysts expected.

In addition, 13 Wall Street analysts on average expect Qihoo 360 to be 309.38 million dollars in the first quarter. The earnings show that Qihoo 360 's first-quarter revenue was 317.9 million U.S. dollars, exceeding analysts ' expectations.

Goldman Sachs yesterday issued a study to maintain the "neutral" rating of Qihoo 360, which lowered its target share price from $108 to $105. Morgan Stanley issued a research report to maintain the "overweight" rating of Qihoo 360 stocks. (Feng Zi)