Sohu.com Stock Hits New Highs After Earnings

Growth is back in style at Sohu.com (NASDAQ: SOHU), and Wall Street's loving it. The Chinese dot-com pioneer posted a return to year-over-year top-line growth on Monday, and the market is responding by rewarding the shares with a new 52-week high.

Sohu's revenue clocked in at $461.2 million for its second quarter, 9.8% higher than its top-line results during the same period a year earlier. It may seem like modest growth, but the report follows six consecutive quarters of declining revenue. Sohu's top-line showing is also a sequential uptick, but that's not much of a feat: Sohu has always posted higher revenue during the second quarter when pitted against the first quarter.

Image source: Sohu.com.

Source: Fool.com