Sohu.com Reports Upbeat Q1 Earnings, Purchases Shenzhen 7Road

Shares of Sohu.com Inc (NASDAQ: SOHU) gained in pre-market trading after the company reported a 34% rise in its Q1 profit. The company also announced its plans to purchase a majority stake in a web-based game company Shenzhen 7Road Technology Co Ltd for $68.26 million.

SOHU's Q1 net income came in at $55.2 million, or $1.01 per share. The company's total revenue increased 35% to $174.4 million. However, analysts expected earnings of $0.97 per share on revenue of $168.8 million.

SOHU shares gained 3.46% to $99.00 in pre-market trading-market trading.

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