Is Baidu's Biggest Rival Finally Getting Its Act Together? [The Motley Fool]
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share (SOGO)
Last sogou inc. american depositary shares, each representing one class a ordinary share earnings: 3/9 02:30 am
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Source: The Motley Fool
Is Baidu's Biggest Rival Finally Getting Its Act Together? Sogou continues to grow in Baidu’s shadow with a resilient search platform and an expanding voice search ecosystem. Sogou ( NYSE:SOGO ) , the Chinese tech company that owns the country's second largest search engine, recently posted its fourth-quarter numbers. Its revenue rose 1% annually to $301 million, missing estimates by $1.8 million. Its net income rose 33% to $35 million. On a non-GAAP basis, which excludes stock-based compensation and other one-time charges, its net income rose 44% to $39 million, or $0.10 per share -- which beat expectations by a penny. For the first quarter, Sogou expects its revenue to dip 1% annually (at the midpoint), topping analysts' expectations for a 6% drop. That guidance was encouraging, since it factored in the coronavirus outbreak and other macro challenges. As a result, Sogou was one of the few stocks that advanced on March 9 as the broader market plunged on concerns about the coronavir
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