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Sohu.com shares tumble on 1Q outlook

By AP | February 07, 2012

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BEIJING (AP) — Chinese portal Sohu.com says its quarterly profit declined 40 percent and the company's U.S.-traded shares tumbled after it issued a first-quarter outlook that was below expectations.

The Beijing-based company on Tuesday reported a $25 million profit, or 65 cents per share, for the three months ended Dec. 31. That was down from $44 million in the same period of 2010.

Quarterly profit topped expectations, but Sohu shares fell in U.S. trading after the company said it expects profit this quarter of 50 to 55 cents per share, less than half the $1.20 that Wall Street was looking for.

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