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Why Shares of Sohu.com Jumped Today

TheMotleyFool

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Shares of Chinese internet company Sohu.com (NASDAQ: SOHU) rose on Tuesday, despite no company-specific news. The stock tumbled on August 5 after the company's second-quarter report missed expectations, so Tuesday's rally may have been driven by investors scooping up beaten-down shares. News that the U.S. would delay tariffs on certain Chinese goods may also have been a factor. Sohu stock was up about 10.5% at market close.

Sohu reported a small revenue decline in the second quarter, a bit worse than analysts were expecting. And while adjusted earnings per share was flat, it was well below the average analyst estimate.

Image source: Getty Images.

Source Fool.com

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