Qihoo 360 Technology Co. Ltd
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Qihoo 360 Technology Co. Ltd beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins grew, operating margins contracted, net margins shrank.
Qihoo 360 Technology Co. Ltd reported revenue of $84.0 million. The nine analysts polled by S&P Capital IQ hoped for sales of $81.7 million on the same basis. GAAP reported sales were 77% higher than the prior-year quarter's $47.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The eight earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. GAAP EPS of $0.11 for Q3 were 22% higher than the prior-year quarter's $0.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 90.6%, 190 basis points better than the prior-year quarter. Operating margin was 14.5%, 820 basis points worse than the prior-year quarter. Net margin was 15.4%, 760 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $92.8 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $318.3 million. The average EPS estimate is $0.71.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 80 members out of 202 rating the stock outperform, and 122 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Qihoo 360 Technology Co. Ltd a green thumbs-up, and 65 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Qihoo 360 Technology Co. Ltd is buy, with an average price target of $31.62.
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