China’s Sohu Lags Views On Weak Ads
Is there a little trouble in big China? U.S. shares of Sohu.com (SOHU), China’s most-visited Web portal, and Changyou (CYOU), its online games unit, fell Monday after the pair gave weak guidance for the current quarter and reported mixed fourth-quarter results. When excluding profit from Changyou shares it doesn’t own, Sohu said it earned 76 cents a share last quarter, down 48% from $1.45 in the year-earlier quarter. Including Changyou, it said it