Sohu.com Inc (SOHU) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Jul 22, 2016.
On the company’s financial health, Sohu.com Inc reported $-0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.44. The company had revenue of $408.00 million for the quarter, compared to analysts expectations of $408.54 million. The company’s revenue was down -10.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.81 EPS.
Sohu.com Inc closed down -0.11 points or -0.28% at $38.89 with 1,05,661 shares getting traded on Wednesday. Post opening the session at $39.2, the shares hit an intraday low of $38.75 and an intraday high of $39.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 11, 2015, Edward B Roberts (director) sold 1,400 shares at $49.05 per share price. According to the SEC, on Jun 15, 2015, Charles Zhang (CEO) sold 15,618 shares at $70.14 per share price. On May 20, 2015, Shi Wang (director) sold 3,133 shares at $67.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Sohu.com Inc. (Sohu) is an online media search and game service company providing online products and services on personal computers (PCs) and mobile devices. The Company operates through four segments: brand advertising segment and the others segment (both operated by Sohu) the Sogou segment and the Changyou segment. Sohu’s main business is the brand advertising business which offers to users over its matrices of Chinese language online media various content products and services across multiple Internet-enabled devices such as PCs mobile phones and tablets. Sohu engages in the others business which includes mobile-related services and mobile products. Sogou is an online search client software and mobile Internet product provider. Changyou is an online game developer and operator as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional and engages in the development operation and licensing of online games for PCs and mobile devices.