Chinese internet portal Sohu.com Inc
For the second quarter, Sohu's GAAP net income was $42.7 million, or $1.10 per share, compared with $31.3 million, or 82 cents a share in the year-ago period.
Sohu reported a non-GAAP net income of $47.4 million, or $1.21 per share, compared with $37.5 million, or 96 cents per share a year ago.
Total revenue for the company, which competes with Sina Corp
Analysts, on average, were expecting second quarter earnings of $1.06 a share, excluding items, on revenue of $190.8 million, according to Thomson Reuters I/B/E/S.
Second quarter revenue in our online brand advertising business hit a new high as we saw strong advertising demand from the Internet sector, including e-commerce companies, Belinda Wang, chief operating officer, said in a statement.
Online game revenues for the second quarter were $101.5 million, up 31 percent from the year-ago quarter.
Sohu said it expected third-quarter total revenue to be between $225 million and $230 million, above market estimates of $207.9 million.
(Reporting by Sakthi Prasad in Bangalore; Editing by Will Waterman)