Sohu.com, units drop after weak revenue forecasts
30/07/2018 12:55
** Sohu.com Ltd's shares SOHU.O down 8.3 pct at $28
premarket after the Chinese internet company's Q3 revenue
forecast falls below est
** SOHU shares set to open at lowest level since April 26
** Co says Sogou SOGO.N , its online search unit, suspended
search advertising for 10 days from July 1 after a Chinese
regulatory probe, and expects it to result in a one-time
reduction in Sogou's Q3 revenues
** Investigation involves certain advertisements that the
regulators believed insulted a national hero that were displayed
on its platform urn:newsml:reuters.com:*:nPn5rkswca
** Shares in Sogou, which went public last year, were down
4.5 pct at $9.87 after its Q2 revenue also missed estimate
urn:newsml:reuters.com:*:nPn8fd4rla
** Sohu.com's online game developing unit Changyou.com
CYOU.O drops 2.4 pct to $14.58 after results urn:newsml:reuters.com:*:nPn6BpzfDa
** Through Friday's close, SOHU down ~30 pct this year, SOGO
off 10.7 pct, CYOU down ~40 pct
(Reporting by Sruthi Shankar in Bengaluru)
((sruthi.shankar.reuters.com@reuters.net))