Qihoo Earnings Top Views On Mobile Gaming Revenue
Qihoo 360 Technology (QIHU) topped fourth-quarter earnings forecasts late Monday as strong mobile gaming revenue growth offset soaring expenses. Helped by a new stock buyback plan, the Chinese search and security firm’s shares rose in after-hours trading. Qihoo earned 75 cents per American depositary receipt (ADR) excluding various items, up 7% vs. a year earlier and 4 cents above Wall Street forecasts. It was the stock’s smallest gain in six