Sohu.com Q2 EPS $(0.52) Misses $(0.44) Estimate, Sales $152.09M Beat $153.69 Estimate
Portfolio Pulse from Benzinga Newsdesk
Sohu.com reported Q2 losses of $(0.52) per share, missing the analyst consensus estimate of $(0.44) by 18.18%. This is a 244.44% decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $152.09 million, beating the analyst consensus estimate of $153.69 by 98.96M percent. This is a 21.92% decrease over sales of $194.78 million the same period last year.
August 07, 2023 | 5:17 am
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NEGATIVE IMPACT
Sohu.com's Q2 earnings missed estimates with a significant decrease YoY, while sales beat estimates but also decreased YoY.
Sohu.com's Q2 earnings missed the analyst consensus estimate and showed a significant decrease compared to the same period last year. This negative financial performance could negatively impact the company's stock price in the short term. However, the company's sales beat the analyst consensus estimate, which could mitigate some of the negative impact.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100