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Sohu.com Jumps in Pre-Market Trading - Up 13% and Rising

Posted by Brooks McFeely on Mon, Apr 28, 2008 @ 08:17
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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.

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