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Sohu.com Inc ADR Up 3.77% To $17.33 After Earnings

Monday, August 08, 2022 12:19 PM | InvestorsObserver Analysts
Sohu.com Inc ADR Up 3.77% To $17.33 After Earnings

Sohu.com Ltd - ADR (SOHU) surpassed earnings projections on 8/8/2022 for Q2 2022.

Sohu.com Inc ADR earnings per share (EPS) came in at of $0.36. Sohu.com Inc ADR's earnings were down 43% year-over-year as the firm reported an EPS of $0.63 in its year-ago quarter. The negative annual growth shows the Communication Services company isn't performing well amid current economic conditions.

Sohu.com Inc ADR reported a revenue of $194.8 million in Q2 2022. The firm managed negative 5% growth year-over-year due to Sohu.com Inc ADR reporting quarterly revenue of $204.4 million in its year-ago quarter. Sohu.com Inc ADR achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is up 3.77% to $17.33 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

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

Trading in the five days leading up to the report earned Sohu.com Inc ADR a Bullish Sentiment Rank from InvestorsObserver.

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.

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