(Bloomberg) -- Shares of Sohu.com Inc., China's third- biggest Internet portal, fell in U.S. trading as increased spending on new Web sites led the company to post results and forecast earnings that missed some analysts' estimates.
The stock dropped 10 percent to $22.93 in extended trading on the Nasdaq Stock Market. Yesterday, Beijing-based Sohu reported first-quarter profit fell 26 percent to $4.47 million, missing the average estimate compiled by Bloomberg by 20 percent. This quarter's earnings forecast also fell short.
Read more at Bloomberg Emerging Markets News
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