Sohu Com Inc. (SOHU)

[eastunder]

Q1 Adj EPS 86c vs $1.2 Beats 70c Est;

Guidance Varies from Consensus

Monday , April 26, 2010 09:23ET

QUARTER RESULTS
Sohu.com Incorporated (SOHU) reported Q1 results ended March 2010. Q1 Revenues were $129.45M; +11.85% vs yr-ago; BEATING revenue consensus by +0.98%. Q1 EPS was 73c. Adjusted Q1 EPS was 86c; -28.33% vs yr-ago; BEATING earnings consensus by +22.86%.

 
 Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $129.45M      $115.74M     +11.85%      $128.20M      +0.98% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 73c           N/A         N/A           N/A         N/A 
 Adj EPS:             86c         $1.20     -28.33%           70c     +22.86% 
 ----------  ------------  ------------  ----------  ------------  ----------

GUIDANCE

Q2-10 Revenue Outlook [$139 - $144M]: The Company estimates total revenues for the second quarter of 2010 to be between US$139.0 million and US$144.0 million. The Q2-10 revenue forecast is in-line with current consensus estimates.
Q2-10 Earnings Outlook [87c - 92c]: The Company estimates non-GAAP net income for the second quarter of 2010 to be between US$34.0 million to US$36.0 million, and non-GAAP fully diluted earnings per share for the second quarter of 2010 to be between US 87 cents and US 92 cents. The Q2-10 earnings forecast is above current consensus estimates.