Things are going so well in China that even a once-moribund media company like Sohu.com
Wall Street was looking for a profit of just $0.21 a share with $46.5 million on the top line. Brand advertising and online games posted healthy year-over-year gains, more than offsetting weakness in wireless and sponsored search.
The uptick in online games is noteworthy. That segment soared 473% higher to $12.7 million. That is still a small slice of the revenue mix pie at Sohu. This isn't the second coming of stronger online gaming players like NetEase.com
It was just a few years ago when Sohu, SINA
There are still players like Tom Online and KongZhong
The strong quarter isn't a blip at Sohu. The party will continue, going by the company's refreshing guidance. Sohu is looking to earn between $0.33 a share and $0.35 a share on $53.5 million to $55.5 million in revenue next quarter.
Too slow, Wall Street. The market was only expecting the company to earn $0.24 a share on $49.1 million in revenue during the quarter. Look higher, analysts. A lot higher.
Well done, Sohu. Now just make sure you don't get tripped by the pros down below.
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