Qihoo Beats EPS Estimates for Q4
Mar 5th 2013 8:22PM
Updated Mar 5th 2013 8:28PM
Qihoo has reported encouraging numbers in its Q4 and 2012 results. For the quarter, revenues were $103 million, or 65% higher than the $62 million of the same period the previous year. Attributable net income came in at $26.7 million ($0.22 per diluted share), a 10% gain over Q4 2011's figure of $24.3 million ($0.20).
That was good enough to beat analyst expectations, which were for $94 million in revenue and $0.17 EPS.
For the full year, top line was $329 million, nearly double the 2011 figure of $168 million. Net income landed at $97 million ($0.80 per diluted share) for the year against 2011's $64 million ($0.55).
Qihoo also provided forward guidance. The company expects revenue for the current quarter to be $104.5 million-$106.5 million. It did not release profit estimates.
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