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A 46% Earnings Surprise
On July 28th the company reported second-quarter earnings of $1.02 per share, 46% higher than the consensus estimate of 70 cents. This was the fourth earnings surprise in the last four quarters. Sohu reported second-quarter revenue of $102 million, an all-time high for the company.
The consensus estimate for full-year 2008 and 2009 earnings are both up over 30% within the past two months. The company is reasonably priced with a PEG ratio of .5.
The Chart
Shares of SOHU had been volatile earlier this summer after setting a 52-week high of $91.50. The stock has come off of the recent high and has been trading sideways as it consolidates near $76 per share. Take a look at the chart below.
Last Week's Aggressive Growth Zacks Rank Buy Stocks
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