Sohu Com Inc. (SOHU)

[eastunder]

Sohu Jumps on Q3 Beat, Higher Q4 Forecast.

By Tiernan Ray

http://blogs.barrons.com/techtraderdaily/2010/10/25/sohu-jumps-on-q3-beat-higher-q4-forecast/?mod=yahoobarrons

Shares of Chinese Web portal Sohu.com (SOHU) are up $6.10, over 9%, at $71.86 after the company this morning comfortably beat Q3 earnings estimates and guided Q4 above estimates.

Q3 revenue was up 20%, year over year, at $164 million, versus $156.8 million expected, yielding profit per share of $1.16, versus 90 cents expected.

Brand advertising revenue was up 22%, while search revenue more than doubled, the company said. Online video is “gaining significant traction,” said CEO Charles Zhang, while online games had “solid results.” Games revenue was up 25% in the quarter.

For the current quarter, the company forecast revenue of $163 million to $168 million, versus $162.58 million expected; profit per share, excluding some costs, is projected at $1.10 to $1.15, versus the 95 cent average estimate.