Qihoo 360 Big Earnings Beat Powered By PC, Mobile Games

By | May 28, 2014

Scalper1 News

Qihoo 360 (QIHU) rose nearly 6% on the stock market today after the Chinese Internet company late Tuesday crushed Q1 forecasts on strong growth in PC and mobile games. The Beijing-based Internet and mobile security product provider reported earnings per share ex items of 54 cents, up 286% from the year-earlier quarter and 20 cents above the consensus estimate of 22 analysts polled by Thomson Reuters. Revenue soared 141.3% to $265.1 million from Scalper1 News

Scalper1 News