- Up moderately in AH trading yesterday after beating Q1 estimates and providing in-line Q2 guidance, Qihoo (NYSE:QIHU) has tumbled towards $55 today.
- No downgrades have yet arrived. The Q1 slowdown seen in Qihoo's Internet value-added service revenue (up 7.1% Y/Y, after rising 112% in Q4) thanks to PC gaming weakness and online lottery suspensions (offsetting mobile gaming growth) could have some investors on edge.
- Shares now trade for less than 12x a pre-earnings 2016 EPS consensus of $4.75.
Qihoo now down 6.5% post-earnings
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Symbol | Last Price | % Chg |
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QIHU | - | - |
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