Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese Internet firm Sohu.com
So what: Revenue in the first quarter was $174.4 million, up 35% from last year and higher than the $168.8 million analysts had expected. Net income increased 41% to $1.01 per share, beating estimates of $0.96 per share.
Now what: Search and online gaming led the way with record revenue, and management expects outstanding results in future quarters. The company forecasts second-quarter revenue to be between $188 million and $193 million, easily outpacing the $183.4 million Wall Street expected. I expect the considerable operating momentum that Sohu.com has after this quarter should help push this Motley Fool Rule Breakers pick higher long-term.
Interested in more info on Sohu.com? Add it to your watchlist.
