Feb 21, 2017
Sohu.com posts loss of $65.9 million in fourth quarter
BEIJING — Sohu.com Inc. on Tuesday reported a loss of $65.9 million in its fourth quarter.
On a per-share basis, the Beijing-based company said it had a loss of $1.71. Losses, adjusted for stock option gains, came to $1.79 per share.
The operator of a popular Chinese Web portal posted revenue of $411.8 million in the period.
For the year, the company reported that its loss widened to $224 million, or $5.83 per share. Revenue was reported as $1.65 billion.
For the current quarter ending in April, Sohu.com expects its results to range from a loss of $1.80 per share to a loss of $1.55 per share.
The company said it expects revenue in the range of $345 million to $375 million for the fiscal first quarter.
Sohu.com shares have risen 16 percent since the beginning of the year. The stock has fallen 12 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOHU at https://www.zacks.com/ap/SOHU
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Keywords: Sohu.com, Earnings Report