Qihoo Earnings Quadruple

Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) reported sharply higher second quarter earnings that more than quadrupled to 26 cents per diluted American Depositary Share from 6 cents per diluted American Depositary Share in the year ago period to surpass analyst expectations by a wide margin. The stock price surged $5.67 to close at $78.80.

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