Sohu.com: Eyes worst day in nearly two decades on Q2 rev miss, dour forecast
05/08/2019 16:29
(Updates)
** Sohu.com Ltd's shares SOHU.O extend premarket losses,
now down 23.6% at $9.33 in early trading - eyes worst day in
over 18-1/2 years at current levels
** Stock also touches its lowest level in over 16 years
** Chinese internet co posts Q2 revenue below analysts' est.
and a bigger-than-expected loss, hurt by lower revenue from
portal and video advertising urn:newsml:reuters.com:*:nPncbVzwja
** SOHU also forecasts Q3 revenue between $445 mln and $470
mln, below estimates
** Including session's losses, SOHU down ~46% YTD
(Reporting by Arjun Panchadar in Bengaluru)