(SOHU) Sohu.com – Bear of the Day
Posted on November 03, 2009 at 17:21 PM EST
While Sohu.com’s (SOHU) third-quarter earnings beat the Zacks Consensus Estimate and were in line with the company’s own guidance, the outlook for the fourth quarter was far below expectations. The company’s operating expenses have been steadily going up, which we fear could limit the growth in earnings. Moreover, recent delays in game launches, weak ad spending [...] (SOHU) Sohu.com – Bear of the Day