Chinese Internet company Qihoo 360 Technology trampled Wall Street’s Q4 forecast, posting a big profit gain even as it spends heavily in its battle against Baidu. It also guided for higher-than-expected Q1 sales. Qihoo 360 Technology (QIHU) revenue jumped 115% to $221.6 million vs. views of $209.7 million. EPS ex items climbed 218% to 70 cents. Analysts expected 43 cents, Thomson Reuters said. Qihoo stock fell about 1% in late
Tesla’s plans to jolt Europe with an expanded network of charging stations are seen as a sign that demand has grown enough to justify building Superchargers across the continent. The luxury electric-car maker said Tuesday it will add more Superchargers, service centers and stores, after announcing in January the opening of charger locations linking Austria, Germany, the Netherlands and Switzerland. “Charger stations are a lagging
Tesla’s plans to jolt Europe with an expanded network of charging stations are seen as a sign that demand has grown enough to justify building Superchargers across the continent. The luxury electric-car maker said Tuesday it will add more Superchargers, service centers and stores, after announcing in January the opening of charger locations linking Austria, Germany, the Netherlands and Switzerland. “Charger stations are a lagging