Sohu.com Increases Sales but Misses Estimates on Earnings
Sohu.com (NAS: SOHU) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Sohu.com beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Sohu.com notched revenue of $255.7 million. The 11 analysts polled by S&P Capital IQ looked for revenue of $247.7 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $198.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.42. The nine earnings estimates compiled by S&P Capital IQ predicted $0.47 per share. GAAP EPS of $0.28 for Q2 were 75% lower than the prior-year quarter's $1.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 61.0%, 1,220 basis points worse than the prior-year quarter. Operating margin was 18.0%, 1,660 basis points worse than the prior-year quarter. Net margin was 5.0%, 1,730 basis points worse than the prior-year quarter.
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The article Sohu.com Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Sohu.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.