Sogou Announces Second Quarter 2021 Results
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Jefferies Upgrades Sohu.com (SOHU) to 'Buy' on Valuation, Shares Surge
August 10, 2021 11:11 AM EDTJefferies analyst Thomas Chong upgraded Sohu.com (NASDAQ: SOHU) to Buy from Hold following Q2 results and better visibility. The price target goes to $28.00 per share from the prior $23.50.
Sohu reported adjusted earnings per share (EPS) of $0.63 per share to beat the $0.55 expected from market analysts. Revenue came in at $204 million, representing a 27.5% growth YoY.
"For the second quarter of 2021, despite the negative impact of COVID-19, we kept exploring new monetization opportunities while strictly controlling the budget. Thanks to the outperformance of our online game business, our profitability exceeded the prior guidance.... More
