Sohu.com Q1 2024 Adj EPS $(0.65) Misses $(0.49) Estimate, Sales $139.390M Down From $161.793M YoY
Portfolio Pulse from Benzinga Newsdesk
Sohu.com (NASDAQ:SOHU) reported Q1 2024 adjusted EPS of $(0.65), missing the $(0.49) estimate, and sales of $139.390M, down from $161.793M YoY.
May 20, 2024 | 5:06 am
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NEGATIVE IMPACT
Sohu.com reported a significant miss on its Q1 2024 EPS and a notable decline in sales compared to the previous year. The adjusted EPS of $(0.65) missed the analyst estimate of $(0.49) by 32.65%, and sales decreased by 13.85% YoY.
The significant miss on EPS and the notable decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100