Sohu.com Q4 Adj. EPS $(0.32) Beats $(0.59) Estimate, Sales $141.36M Down From $160.40M YoY
Portfolio Pulse from Benzinga Newsdesk
Sohu.com reported Q4 adjusted EPS of $(0.32), surpassing the $(0.59) estimate, marking a significant improvement. However, sales fell to $141.36M from $160.40M YoY, indicating a decrease in revenue.
March 04, 2024 | 5:40 am
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Sohu.com's Q4 earnings outperformed expectations with an adjusted EPS of $(0.32), significantly better than the $(0.59) estimate, despite a decrease in sales.
Beating the EPS estimate significantly indicates operational efficiency and cost management, which could positively influence investor sentiment. However, the decrease in sales year-over-year might temper some of the optimism, suggesting a mixed short-term impact on the stock price.
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