, Inc. (SOHU) Tops Q3 EPS by 24c, Revenue Misses Estimates

November 16, 2020 6:28 AM EST
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Price: $20.03 --0%

Financial Fact:
Others: 20.57M

Today's EPS Names:
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Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here., Inc. (NASDAQ: SOHU) reported Q3 EPS of ($0.17), $0.24 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $158 million versus the consensus estimate of $420.85 million.

Business Outlook:

For the fourth quarter of 2020, Sohu estimates:

  • Brand advertising revenues to be between US$37 million and US$42 million; this implies an annual decrease of 11% to an annual increase of 1% and a sequential decrease of 10% to a sequential increase of 2%.
  • Online game revenues to be between US$140 million and US$150 million; this implies an annual increase of 6% to 14% and a sequential increase of 38% to 48%.
  • Non-GAAP net income from continuing operations attributable to Limited to be between US$15 million and US$25 million; and GAAP net income from continuing operations attributable to Limited to be between US$10 million and US$20 million.

For the fourth quarter 2020 guidance, the Company has adopted a presumed exchange rate of RMB6.74=US$1.00, as compared with the actual exchange rate of approximately RMB7.03=US$1.00 for the fourth quarter of 2019, and RMB6.92=US$1.00 for the third quarter of 2020.

This forecast reflects Sohu's management's current and preliminary view, which is subject to substantial uncertainty, particularly in view of the potential ongoing impact of the worldwide COVID-19 pandemic, which remains difficult to predict.

For earnings history and earnings-related data on, Inc. (SOHU) click here.

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