Current Articles | RSS Feed
Despite what appears to be lofty levels for this stock ahead of the opening bell, shares of Sohu.com (SOHU) are likely to rise further in regular session trading. Using history as a guide, the stock tends to increase gains in the regular session following earnings related price gains in the pre-market.
The stock rose to a high of $71.25 in the pre-market session this morning following the company's better than extected Q1 earnings report. The company reports Q1 revs of $84.8 mln, well ahead of the Thomson First Call consensus of $69 mln. Non-GAAP earnings were $0.64, well ahead of expectations of $0.37. For Q2, co. sees revs between $93 and $96 mln, better than expectations of $77 mln.
The stock looks attractive in the $70's ahead of the opening bell for aggressive traders.
Tags: pre-market, SOHU
Allowed tags: <a> link, <b> bold, <i> italics
Learn to how to trade earnings events in 30 minutes!
NEXT FREE EVENT07/22/2008 4:30 PM ESTREGISTER HERE
GET FREE TRIAL
Seekingalpha.com
Locke on Stocks
Ticker Sense
Trading Markets
Quick Takes Pro
MidnightTrader, Inc. is the leading provider of after-hours and pre-market stock trading news, charts, quotes, alerts, personal finance, and stock market information available. MidnightTrader journalists are subject to the MidnightTrader Editorial Handbook which requires fair presentation and disclosure of relevant interests.
MidnightTrader 2008, All Rights Reserved