Sohu Falls on Profit Outlook Missing Estimates as Costs Rise
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Sohu.com Inc., the owner of China’s second-largest online video site, declined the most in more than nine months after its first-quarter profit forecast trailed analysts’ estimates amid rising costs.
The shares fell 5.5 percent to $46.49 at the close in New York for the steepest slide since April 30. Sohu rose 4 percent this year through Feb. 1, compared with an 8.3 percent gain for Baidu Inc., operator of China’s largest Internet search engine.