<p>Sohu.com (NASDAQ: SOHU) revenue for the Chinese Internet company’s fiscal fourth quarter 2019 has SOHU stock stationary afternoons. This follows the adjusted earnings per share of 17 cents, which is far above the Wall Street estimate of -38 cents per share. The company’s revenue of $ 489.65 million also beats analysts’ estimates of $ 476.43 million.
Source: Budrul Chukrut / Shutterstock.com
Here’s what’s worth noting from the latest Sohu.com results report. Adjusted EPS is a change from its losses per share of – $ 1.30 during the fourth quarter of 2018. Revenue for the quarter increased by 5.46% from $ 464.28 during the same period the year before. Operating profit of $ 41.51 million is an improvement over the previous year from an operating profit of $ 36.02 million. Sohu.com’s revenue report also has a net loss of $ 18 million. This is not as good as the company’s net profit of $ 23 million from the same time last year.
Dr. Charles Zhang, Chairman and CEO of Sohu.com, said this about SOHU share income:
“In 2019, China’s economy continued to decline and competition intensified. However, these challenges did not stop us from exploring new opportunities and improving operational efficiency. As a result, our operating results improved further due to our solid performance and effective cost-saving initiatives. ”
Sohu.com’s earnings report also includes the outlook for fiscal first quarter 2020. This expects adjusted earnings per share of -65 cents to -90 cents on revenue from $ 400 to $ 435 million. At the same time, Wall Street estimates for adjusted losses per share are -96 cents.
The SOHU share moved in the afternoon after Monday after rising less than 1% during the trading day.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/sohu-com-earnings-dont-move-sohu-stock/.
© 2020 InvestorPlace Media, LLC