LOGO
LOGO

Sohu.com Q3 Profit Declines; Guides Q4 - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Sohu.com Inc. (SOHU) reported third quarter net income attributable to Sohu.com of $37.35 million or $0.88 per share, compared to $40.26 million or $1.02 per share last year.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $.89 per share. Analysts' estimates typically exclude special items.

Total revenues grew to $136.59 million from $120.68 million in the prior year quarter. Thirteen analysts expected revenues of $136.36 million.

Moving ahead, Sohu estimates total revenues for the fourth quarter of 2009 to be between $134.5 million and $138.5 million, with advertising revenues of $48.0 million to $50.0 million.

Sohu estimates non-GAAP net income for the fourth quarter of 2009, before deducting the share of non-GAAP net income pertaining to the Non-Controlling Interest in Changyou, to be between US$49.5 million to US$51.5 million. After deducting the share of non-GAAP net income pertaining to the Non-Controlling Interest in Changyou, Sohu estimates non-GAAP net income for the fourth quarter of 2009 to be between US$35.0 million to US$37.0 million and non-GAAP fully diluted earnings per share for the fourth quarter of 2009 to be between 90 cents and 95 cents.

Analysts expect the company to earn $0.99 per share, on revenues of $140.77 million.

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

RELATED NEWS
Latest Updates on COVID-19