Sohu.com Inc(NASDAQ:SOHU) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $420.14M. Analysts estimated a revenue of $436.53M. Earnings per share were $-1.62. Analysts had estimated an EPS of $-1.35.
In a different note, On Jul 22, 2016, Citigroup said it Downgrades its rating on Sohu.com Inc. In the research note, the firm Lowers the price-target to $59.60 per share. The shares have been rated ‘Neutral’ by the firm.
Sohu.com Inc (SOHU) made into the market gainers list on Mondays trading session with the shares advancing 0.21% or 0.08 points. Due to strong positive momentum, the stock ended at $37.83, which is also near the day’s high of $38.32. The stock began the session at $37.89 and the volume stood at 1,14,816 shares. The 52-week high of the shares is $59.5 and the 52 week low is $35.646. The company has a current market capitalization of $1,463 M and it has 3,86,71,434 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, Edward B Roberts (director) sold 1,400 shares at $49.05 per share price.Also, On Jun 15, 2015, Charles Zhang (CEO) sold 15,618 shares at $70.14 per share price.On May 20, 2015, Shi Wang (director) sold 3,133 shares at $67.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Sohu.com Inc. (Sohu) is an online media search and game service company providing online products and services on personal computers (PCs) and mobile devices. The Company operates through four segments: brand advertising segment and the others segment (both operated by Sohu) the Sogou segment and the Changyou segment. Sohu’s main business is the brand advertising business which offers to users over its matrices of Chinese language online media various content products and services across multiple Internet-enabled devices such as PCs mobile phones and tablets. Sohu engages in the others business which includes mobile-related services and mobile products. Sogou is an online search client software and mobile Internet product provider. Changyou is an online game developer and operator as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional and engages in the development operation and licensing of online games for PCs and mobile devices.