Qihoo Beats EPS Estimates for Q4

The Chinese internet and software concern posts a better-than-expected profit in its most recent quarter, and lifts its forward sales guidance.

Eric Volkman
Eric Volkman
Mar 5, 2013 at 8:20PM
Technology and Telecom

Qihoo (UNKNOWN:QIHU.DL) has reported encouraging numbers in its Q4 and 2012 results. For the quarter, revenues were $103 million, or 65% higher than the $62 million of the same period the previous year. Attributable net income came in at $26.7 million ($0.22 per diluted share), a 10% gain over Q4 2011's figure of $24.3 million ($0.20).

That was good enough to beat analyst expectations, which were for $94 million in revenue and $0.17 EPS.

For the full year, top line was $329 million, nearly double the 2011 figure of $168 million. Net income landed at $97 million ($0.80 per diluted share) for the year against 2011's $64 million ($0.55).

Qihoo also provided forward guidance. The company expects revenue for the current quarter to be $104.5 million-$106.5 million. It did not release profit estimates.