Sohu.com Inc ADR Up 1.46% To $9.70 After Earnings

Sohu.com Inc ADR (SOHU) said before open Monday that it lost $0.32 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $141.4 million in revenue

In the same quarter a year ago, the company lost $0.06 per share on revenue of $160.4 million.

The stock is up 1.46% to $9.70 after the report.

Despite Sohu.com Inc ADR reporting a decline in revenues, earnings increased signaling a rise in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 45. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Sohu.com Ltd provides online media, games, and search products and services on PCs and mobile devices in China. The company operates in Sohu and Changyou segments. Sohu is a Chinese language online media content and services provider. Changyou is involved in the development, operation, and licensing of online games for PCs and mobile devices, which include massively multiplayer online role-playing games, casual games, strategy games. In addition, it operates focus.cn, which provides online real estate information and services; and 17173.com website, which provides news, electronic forums, online videos, and other online game information services to game players, as well as offers mobile game distribution services. It generates maximum revenue from the Changyou segment.