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SOHU May 2009 50.0000 put (UZKQJ) @0.40
Sohu.com 1Q profit doubles on higher revenue
Sohu.com 1st-quarter profit doubles on higher advertising, gaming revenue
China's Sohu.com earned $44.6 million, or $1.15 per share, in the quarter compared with $21.6 million, or 55 cents, in the same period a year earlier.

Revenue increased 36 percent to $115.7 million, as online gaming revenue rose by 50 percent and brand advertising was up 18 percent.

Results beat the expectations of analysts polled by Thomson Reuters, who forecast earnings of 99 cents per share on revenue of $113.4 million, on average.

Looking ahead, Sohu.com said it expects to post second-quarter revenue of $121 million to $125 million. Adjusted earnings are forecast between $31 million and $33 million, or 80 to 85 cents per share, after deducting the portion of net income related to its interest in Changyou.com, which it spun off in April.

Analysts are expecting profit of $1.02 per share on revenue of $121.5 million.