Sohu.com, Inc. (SOHU) Reports Record Quarter, Crushes Estimates
Sohu.com Inc. (SOHU), a Chinese e-tailer and Internet search engine offering a wide range of online products, services, and media, announced second quarter results this morning that far exceeded what analysts were expecting. Non-GAAP net income increased 423% year over year to $42.3 million, or $1.07 per share, vs. analysts’ estimates of 67 cents per share. Revenues rose 162% for the same period to $102.0 million vs. $96.5 million consensus. Excluding share-based compensation expense, Sohu.com earned $1.02 per share. "We are very pleased with our strong performance this quarter," said Dr. Charles Zhang, Chairman and CEO of Sohu.com. "Sohu achieved…