China Internet Stocks Higher Following Strong Q2 Results from Segment Leaders (SOHU) (BIDU) (SINA)
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Chinese Internet stocks are popping higher Monday morning, riding a wave of positive earnings reports from earlier.
The biggest winner so far is Changyou.com (Nasdaq: CYOU), which beat Q2 views by 24 cents and issued strong Q3 sales guidance. The company also announced possible filing of IPO documents for its 7Road.com subsidiary.
Tudou Holdings (Nasdaq: TUDO) posted an 18 cents per share narrower loss than expected in Q2.
Sohu (Nasdaq: SOHU) edged out Q2 expectations, though Q3 EPS guidance was a littlelight.
Results follow strong numbers from Baidu (Nasdaq: BIDU) at the end of July, showing a 12 cents per ADS beat over views.
SINA Corp. (Nasdaq: SINA) and NetEase (Nasdaq: NTES) weill release quarterly results next week.
Chanyou is up over 20 percent in early action, while Tudou is flat and Sohu is up about 6 percent.
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The biggest winner so far is Changyou.com (Nasdaq: CYOU), which beat Q2 views by 24 cents and issued strong Q3 sales guidance. The company also announced possible filing of IPO documents for its 7Road.com subsidiary.
Tudou Holdings (Nasdaq: TUDO) posted an 18 cents per share narrower loss than expected in Q2.
Sohu (Nasdaq: SOHU) edged out Q2 expectations, though Q3 EPS guidance was a littlelight.
Results follow strong numbers from Baidu (Nasdaq: BIDU) at the end of July, showing a 12 cents per ADS beat over views.
SINA Corp. (Nasdaq: SINA) and NetEase (Nasdaq: NTES) weill release quarterly results next week.
Chanyou is up over 20 percent in early action, while Tudou is flat and Sohu is up about 6 percent.
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