Sohu.com: Poised for 16-yr low after Q2 rev miss, dour forecast
05/08/2019 14:06
** Sohu.com Ltd's shares SOHU.O down ~6% at $11.49
premarket - set to touch over 16-year low at current levels
** Stock also set for its worst day in over 2 months
** Chinese internet co posts Q2 revenue below analysts est.
and bigger-than-expected loss, hurt by decreases in portal and
video advertising revenues urn:newsml:reuters.com:*:nPncbVzwja
** SOHU also forecasts Q3 revenue between $445 mln to $470
mln, below estimates
** SOHU down ~30% YTD
(Reporting by Arjun Panchadar in Bengaluru)