Sohu (SOHU) Raises Guidance, Shares Rocket

Posted: December 4, 2007 at 5:19 pm

Sohu (SOHU) is raising its guidance for the fourth quarter of 2007 for total revenue, which is now expected to be between US$55.5 million and US$57.5 million, an increase of US$2 million over previous guidance, with advertising revenue guidance unchanged from previously reported estimates of US$31 million to US$32 million, but with non-advertising revenue now expected to be between US$24.5 million and US$25.5 million, an increase of US$2 million over previous guidance

Sohu now estimates that non-GAAP fully diluted earnings per share (i.e. excluding share-based compensation expense) for the fourth quarter of 2007 will be between US$0.36 and US$0.38, an increase of US$0.03.

Shares are up 5.3% after hours to $63.20

Douglas A. McIntyre

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