Sohu.com beats by $0.19, misses on revs; guides Q4 revs below consensus
Reports Q3 (Sep) loss of $0.61 per share, $0.19 better than the Capital IQ Consensus Estimate of ($0.80); revenues rose 16.8% year/year to $430 mln vs the $438.25 mln consensus.
Brand advertising revenues were US$149 million, up 19% year-over-year and 12% quarter-over-quarter
Gross Margin
Both GAAP and Non-GAAP gross margin were 58% for the third quarter of 2014, compared with 66% in the third quarter of 2013 and 58% in the second quarter of 2014.
Guidance:
Co issues downside guidance for Q4, sees Q4 revs of $442-462 mln vs. $464.89 mln Capital IQ Consensus Estimate.
Guidance on Non-GAAP net income, Non-GAAP fully diluted earnings per ADS, and share-based compensation expense for the fourth quarter of 2014 will not be provided at this time, as there are uncertainties as to expected costs and expenses associated with mobile games launched, expected to be launched, and currently in development.