Sohu.com downgraded to Neutral from Conviction Buy at Goldman Goldman downgraded Sohu.com to Neutral from Conviction Buy due to weaker than expected Q1 margin guidance due to subsidiary Changyou's increased marketing and sales expense. Price target is $80.
News For SOHU From The Last 14 Days
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Sohu.com sees Q3 EPS (85c)-(75c), consensus (97c) Sees Q3 revenue $427M-$442M, consensus $451.35M. Sees Q3 brand advertising revenues to be $148M-$153M; this implies a sequential increase of 11%-15% and an annual increase of 19%-23%. Sees Q3 Sogou revenues to be between $100M-$105M; this implies a sequential increase of 10%-15% and an annual growth of 76%-84%. Sees Q3 online game revenues to be between $158M-$163M; this implies a sequential increase of 3%-6 % and an annual decrease of 2% to an annual increase of 1%.