Qihoo Stock Falls As Expenses Rise, But Q2 Beats

By | August 25, 2014

Scalper1 News

Shares for Qihoo 360 Technology (QIHU), China’s No. 2 search provider, fell Monday after the company reported Q2 operating profit margins that were lower due to increased spending. QIHU stock was down 8.3% in afternoon trading in the stock market today, near 93. Qihoo stock is down 23% from its all-time closing high of 120.79 in early March. Early Monday, Qihoo said its non-GAAP operating expenses jumped 114% to $208.3 million. The company Scalper1 News

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