Wednesday, May 02, 2007 2:04:33 AM
SOHU 26~25~$23 misses by $0.03, guides Q2 EPS below consensus, guides Q2 revs in line (25.52 +0.20)
Reports Q1 (Mar) earnings of $0.12 per share, including option expense that analysts include in their estimates for SOHU, $0.03 worse than the Reuters Estimates consensus of $0.15; revenues fell 3.6% year/year to $33.1 mln vs the $33.7 mln consensus. Co issues downside EPS guidance for Q2, sees EPS of $0.11-0.13, including option expense of $0.06, vs. $0.18 consensus; sees Q2 revs of $35.5-37.5 mln vs. $36.84 mln consensus. CEO comments on outlook, "For the rest of 2007, our catalysts for brand advertising and online games are strong near-term positives. For the longer-term, we continue to devote our efforts to develop our technology, which we believe has not only enhanced our own business but has created an opportunity for us to continue to be a thought leader in the way new technologies change the Internet industry in China."
Reports Q1 (Mar) earnings of $0.12 per share, including option expense that analysts include in their estimates for SOHU, $0.03 worse than the Reuters Estimates consensus of $0.15; revenues fell 3.6% year/year to $33.1 mln vs the $33.7 mln consensus. Co issues downside EPS guidance for Q2, sees EPS of $0.11-0.13, including option expense of $0.06, vs. $0.18 consensus; sees Q2 revs of $35.5-37.5 mln vs. $36.84 mln consensus. CEO comments on outlook, "For the rest of 2007, our catalysts for brand advertising and online games are strong near-term positives. For the longer-term, we continue to devote our efforts to develop our technology, which we believe has not only enhanced our own business but has created an opportunity for us to continue to be a thought leader in the way new technologies change the Internet industry in China."
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