Scalper1 News
Chinese Internet company Qihoo 360 Technology trampled Wall Street’s Q4 forecast, posting a big profit gain even as it spends heavily in its battle against Baidu. It also guided for higher-than-expected Q1 sales. Qihoo 360 Technology (QIHU) revenue jumped 115% to $221.6 million vs. views of $209.7 million. EPS ex items climbed 218% to 70 cents. Analysts expected 43 cents, Thomson Reuters said. Qihoo stock fell about 1% in late Scalper1 News
Scalper1 News