Qihoo 360 Earnings Strong, But Outlook Fails To Wow

By | November 25, 2013

Scalper1 News

Qihoo 360 Technology (QIHU) crushed Q3 earnings estimates as it gains more ground vs. Chinese search giant Baidu. But shares tumbled 9.5% Monday as some analysts said revenue growth should be beating analyst forecasts by a wider margin. Beijing-based Qihoo 360 (QIHU) said Sunday third-quarter earnings per share spiked 135% to 47 cents. Analysts saw 37 cents. Revenue leapt 125% to $187.9 million vs. views of $181.7 million, according to Scalper1 News

Scalper1 News