Qihoo 360 (QIHU) Trades Higher as Sentiment Builds into Q2 Results
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Qihoo 360 Technology (Nasdaq: QIHU) shares are up nicely heading into the Chinese web browser provider's second-quarter 2012 earnings release, which is expected out after the market closes Tuesday.
The Street is looking for EPS growth of 55 percent from the same period last year to 17 cents. EPS will drop about 20 percent from 21 cents reported in last quarter.
Last week, Qihoo 360 was said to be planning an Internet search service to battle China's search leader, Baidu (Nasdaq: BIDU).
Shares of Qihoo 360 are up 9 percent Monday afternoon.
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The Street is looking for EPS growth of 55 percent from the same period last year to 17 cents. EPS will drop about 20 percent from 21 cents reported in last quarter.
Last week, Qihoo 360 was said to be planning an Internet search service to battle China's search leader, Baidu (Nasdaq: BIDU).
Shares of Qihoo 360 are up 9 percent Monday afternoon.
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