5:06 pm Qihoo 360 Tech. beats by $0.27, beats on revs; guides Q1 revs above consensus (QIHU) : Reports Q4 (Dec) earnings of $0.70 per share, excluding non-recurring items, $0.27 better than the Capital IQ Consensus Estimate of $0.43; revenues rose 115.3% year/year to $221.62 mln vs the $209.77 mln consensus.
•Non-GAAP net margin was 43.5%, compared to 26.0% in the same period last year and 32.7% in the prior quarter. The year-over-year increase in non-GAAP net margin was also mainly due to leverage from strong revenue.
Co issues upside guidance for Q1, sees Q1 revs of $226-228 mln vs. $204.67 mln Capital IQ Consensus Estimate.