Sohu.com: Rises on revenue forecast bump
07/02/2020 15:55
** China-based internet company SOHU.O rise 3% to hit a
two-week high of $11.85
** SOHU raises Q4 rev forecast to a range of $465 mln to
$500 mln, from previous expectations of $435 mln to $470 mln
** Co has increased focus on online gaming unit, which
typically accounts for about 20% of overall rev, partly through
plans to take its majority-owned subsidiary Changyou.com
CYOU.O private urn:newsml:reuters.com:*:nL4N29T1R2
** Sees Q4 online gaming rev between $125 mln and $135 mln
compared with previous estimates of between $95 mln and $105 mln
** SOHU stock has nearly halved in value in the past one
year, compared with the China Large-Cap ETF's 2.4% fall
(Reporting by Boby Michael in Bengaluru)
((Boby.Michael@thomsonreuters.com;))