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SOHU:

00:58 SOHU Sohu.com beats by $0.18, beats on revs; guides Q2 EPS above consensus, revs above consensus (61.84 )

Reports Q1 (Mar) GAAP earnings of $0.55 per share, includes share-based compensation, $0.18 better than the First Call consensus of $0.37; revenues rose 156.3% year/year to $84.8 mln vs the $69.3 mln consensus. Co issues upside guidance for Q2, sees Non-GAAP EPS of $0.72-0.75, excluding non-recurring items, vs. $0.44 consensus; sees Q2 revs of $93.0-96.0 mln vs. $77.43 mln consensus. Assuming no new grants of share-based awards, Sohu estimates share-based compensation expense for Q208 to be between $2.0-2.5 mln. The estimated impact of this expense is expected to reduce Sohu's fully diluted EPS for Q208, under US GAAP, by $0.05 to $0.06. Briefing.com note: Non-GAAP EPS, excluding share-based compensation, was $0.64.