Why Sohu.com Stock Was Falling Today
Shares of Sohu.com (NASDAQ: SOHU), a Chinese media, search, and gaming company, were sliding Monday after it posted a disappointing second-quarter earnings report and management offered weak guidance for the third quarter. Revenue from search advertising declined 13% to $241 million, and brand advertising revenue fell by a similar percentage. Online gaming sales were up slightly year over year, though they declined from the first quarter as more people in China returned to work.
