Sohu (SOHU, Financial) experienced a significant stock decline of 5.12%. The stock is currently priced at $11.87 per share, with a trading volume of 63,801 shares and a turnover rate of 0.19%. The price fluctuation is noted at 3.84%.
Recent financial reports reveal that Sohu generated $152 million in revenue, but faced a net loss of $16.35 million, resulting in an earnings per share (EPS) of -$0.52. The gross profit stands at $112 million, with a price-to-earnings (P/E) ratio of -4.25. Despite the negative earnings, both institutions covering the stock have given a buy recommendation.
In the digital entertainment sector, where Sohu operates, the overall decline is 0.43%. Notable performers in the sector include Blue Hat Interactive, Skillz Inc., and Phoenix New Media, with Blue Hat Interactive showing a turnover rate of 39.08%. Stocks like Snail, Inc., and Trugolf Holdings, Inc. displayed significant price fluctuations, with Snail, Inc. showing a 15.35% amplitude.
Sohu provides online media, gaming, and search services in China through its Sohu and Changyou segments. It develops and operates PC and mobile games, including MMORPGs, casual, and strategy games. The company also runs focus.cn for real estate information and 17173.com for gaming news and services. The Changyou segment is the major revenue contributor.
