Qihoo 360 Slips On Lack Of Mobile Search Sales

By | March 7, 2014

Scalper1 News

Qihoo 360 Technology (QIHU) shares fell about 1% on Friday after the Chinese Internet company’s executives said they haven’t yet made money from growing mobile search traffic. “In terms of mobile search, no, I don’t think at this point we have any revenue from mobile search,” co-CFO Zuoli Xu told analysts on a late conference call. The Beijing company topped Wall Street’s Q4 forecast with sales up 115% to $221.6 million against views of $209.7 Scalper1 News

Scalper1 News