Baidu Rival Qihoo 360 Tech Earnings, Outlook Strong

By | May 19, 2015

Scalper1 News

Chinese security software and Internet search giant Qihoo 360 Technology (QIHU) beat Wall Street expectations for Q1 earnings and revenue late Tuesday. Qihoo posted Q1 earnings ex items of 57 cents a share, up nearly 6% year over year. Wall Street had expected a decline to 49 cents amid heavy spending. Sales rose 45% year over year to $384.4 million, slowing for the fourth straight quarter. But Q1 marked the 10th straight quarter of double-digit Scalper1 News

Scalper1 News