Sohu.com 3rd-Quarter Net Profit Up 9.6% At $41.0 Million
October 25 2010 - 2:44AM
Dow Jones News
Chinese Internet portal Sohu.com Inc. (SOHU) said Monday its
third-quarter net profit rose 9.6% from a year earlier because of
strong advertising and online gaming revenue.
Sohu said in a statement its net profit for the three months
ended Sept. 30 rose to $41.0 million from $37.4 million a year
earlier.
The result was above the average $34.8 million forecast of nine
analysts polled by Thomson Reuters.
The company's earnings per share rose to $1.01 a share from 88
cents a year earlier, compared with the average 90 cents forecast
of 11 analysts.
Revenue rose 20% to $164.1 million from $136.6 million. Brand
advertising revenue rose 22% to $59.1 million, and online game
revenue rose 25% to $85.6 million.
The company said operating expenses excluding share-based
compensation rose 7% from a year earlier to $50.1 million.
-By Aaron Back and Owen Fletcher, Dow Jones Newswires; (8610)
8400-7701; aaron.back@dowjones.com
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