Sogou (SOGO) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Sogou (NYSE:SOGO) posted its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06, Morningstar.com reports. The business had revenue of $277.79 million for the quarter, compared to analysts’ expectations of $267.56 million.

Sogou (SOGO) traded down $0.43 during trading on Wednesday, reaching $10.22. The company’s stock had a trading volume of 4,558,652 shares, compared to its average volume of 2,507,585. Sogou has a twelve month low of $10.15 and a twelve month high of $14.70.

Several large investors have recently made changes to their positions in the company. TB Alternative Assets Ltd. bought a new position in shares of Sogou during the fourth quarter valued at $18,038,000. SG Americas Securities LLC bought a new position in shares of Sogou during the fourth quarter valued at $1,351,000. Finally, FNY Managed Accounts LLC bought a new position in shares of Sogou during the fourth quarter valued at $363,000. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on SOGO shares. Credit Suisse Group started coverage on Sogou in a research note on Monday, December 4th. They set an “outperform” rating and a $16.30 target price on the stock. JPMorgan Chase & Co. initiated coverage on Sogou in a research note on Thursday, December 7th. They set an “overweight” rating and a $17.00 target price on the stock.

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Sogou Company Profile

Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.

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