Qihoo 360 Downgraded As Outlook Disappoints

By | November 25, 2013

Scalper1 News

Qihoo 360 Technology’s (QIHU) stock fell Monday after an analyst downgraded the company, saying the company’s revenue outlook disappointed. The Beijing-based maker of security software and a popular search engine in China late Sunday reported Q3 earnings that beat Wall Street expectations, however. EPS excluding items jumped 135% from the year-earlier quarter to 47 cents. Analysts expected 37 cents. Sales rose 124% to $187.9 million, vs. the Scalper1 News

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