Fri, Aug 29, 2014, 7:57 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Qihoo 360 Technology Co. Ltd. Message Board

  • major.gainer major.gainer Nov 25, 2013 2:32 PM Flag

    Qihoo 360 Downgraded As Outlook Disappoints

    Qihoo 360 Technology's (QIHU) stock fell Monday after an analyst downgraded the company, saying the company's revenue outlook disappointed.

    The Beijing-based maker of security software and a popular search engine in China late Sunday reported Q3 earnings that beat Wall Street expectations, however.

    EPS excluding items jumped 135% from the year-earlier quarter to 47 cents. Analysts expected 37 cents.

    Sales rose 124% to $187.9 million, vs. the consensus view of $181.7 million, according to Thomson Reuters.

    But Qihoo's revenue outlook for the current quarter of $206 million to $208 million was "only slightly" higher than consensus estimates, according to Stifel Research, which downgraded the stock to hold from buy.

    Qihoo has a history of beating Wall Street estimates. It topped consensus revenue estimates by 5.2% in Q2 and 3.4% in Q3, but its current-quarter guidance would beat the consensus forecast by about 1.7%.

    "We expect revenue momentum to return in mid-2014," Stifel analysts wrote in a research note, according to part of the note posted on Barrons.

    Qihoo stock was down nearly 8% in afternoon trading in the stock market today, near 79.75. Still, Qihoo stock has more than doubled this year and has been a member of the IBD 50 listing of top-performing stocks, checking in at No. 29 on Monday's update

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
QIHU
87.83-0.51(-0.58%)Aug 29 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.