China’s Sohu First-Quarter

For the first quarter, the company reported net income of $41.3 million, or 73 cents a share, compared with $44.6 million, or $1.15 a share, in the year-ago period.

Revenue rose 12 percent to $129.5 million, helped by a 17 percent increase in online games revenue.

On a non-gaap basis, the company earned 86 cents a share.

Analysts on average were expecting earnings of 72 cents a share on revenue of $128.2 million, according to Thomson Reuters I/B/E/S.

For the second quarter, the company forecast non-gaap earnings of 87 cents to 92 cents a share, on revenue of $139 million to $144 million.

Analysts were expecting earnings of 84 cents a share, on revenue of $140.4 million.

Source : Konaxis

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