Key Developments: Qihoo 360 Technology Co Ltd (QIHU.N)
41.05USD
17 May 2013
$0.25 (+0.61%)
$40.80
$41.00
$41.37
$39.77
322,632
278,083
$41.37
$13.81
Latest Key Developments (Source: Significant Developments)
Qihoo 360 Technology Co Ltd Issues Q1 2013 Revenue Guidance Above Analysts' Estimates
Qihoo 360 Technology Co Ltd announced that for the first quarter of 2013, the Company expects revenues to be between $104.5 million and $106.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $92.7 million for the first quarter of 2013. Full Article
Qihoo 360 Technology Co Ltd Issues Q4, FY 2012 Revenue Guidance Above Analysts' Estimates
Qihoo 360 Technology Co Ltd announced that for the fourth quarter of 2012, the Company expects revenues to be between $93 million and $94 million. For fiscal 2012, the Company expects revenues to be between $319 million and $320 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $90 million for the fourth quarter of 2012 and revenue of $315 million for fiscal 2012. Full Article
Qihoo 360 Technology Co Ltd Announces Agreement With Beijing Electronic Zone Investment and Development Co., Ltd To Purchase New Office Premises In Beijing
Qihoo 360 Technology Co Ltd announced that its subsidiaries entered into definitive agreements with a subsidiary of Beijing Electronic Zone Investment and Development Co., Ltd to purchase new office premises with an area of approximately 69,205 square meters in Chaoyang District, Beijing, China, for a total cash consideration of RMB1,384 million (USD218 million). The premises will be used as the Company's new principal office to meet the demand arising from the Company's business expansion and increase in headcount. Full Article
Qihoo 360 Technology Co Ltd Issues Q3 2012 Revenue Guidance Above Analysts' Estimates
Qihoo 360 Technology Co Ltd announced that for third quarter of 2012, it expects revenues to be between $81-$82 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $78 million for third quarter of 2012. Full Article
Qihoo 360 Technology Co Ltd Issues Q2 2012 Revenue Guidance Above Analysts' Estimates
Qihoo 360 Technology Co Ltd announced that for the second quarter of 2012, it expects revenues to be between $72-$73 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $67 million for the second quarter of 2012. Full Article
Phoenix New Media Ltd And Qihoo 360 Technology Co. Ltd. Announce Strategic Cooperation
Phoenix New Media Ltd and Qihoo 360 Technology Co. Ltd. announced strategic cooperation between the two companies to offer users seamless access to Phoenix New Media's content through Qihoo 360's multi-platform products. Phoenix New Media, has become the first media partner to offer Qihoo 360's over 400 million users easy and immediate access to ifeng's news content. Pursuant to the agreement, Phoenix New Media will provide content from its portal website, www.ifeng.com, directly to Qihoo 360's multi-platform products, including 360 Browsers and 360 Desktop. Ifeng News will be listed as one of only six default links placed on 360's Personal Start-up Page. Moreover, Phoenix New Media will further expand its news application offerings to 360 Desktop, Qihoo 360's application-based platform for PCs in China. Phoenix New Media will provide breaking news and other media updates to 360 Desktop users through tailored applications and push notifications. Full Article
Qihoo 360 Technology Co Ltd Issues Q1 2012 Revenue Guidance Above Analysts' Estimates
Qihoo 360 Technology Co Ltd announced that for the first quarter of 2012, it expects revenues to be between $63 million and $65 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $56 million for the first quarter of 2012. Full Article
Qihoo 360 Technology Co Ltd Announces Cross-Platform Strategic Partnership With Sina Weibo
Qihoo 360 Technology Co Ltd announced that it has formed a strategic partnership with Sina Weibo, the social media platform in China. Through the partnership, all of Qihoo 360's registered users will be able to access Sina Weibo with their Qihoo 360 accounts and all Sina Weibo users will be able to access Qihoo 360 products and services with their Weibo accounts. In addition, Qihoo 360 will integrate Sina Weibo service into its key platform products, such as 360 Safe Browser and 360 Desktop. Qihoo 360 will also become an official security solution provider for Sina Weibo to ensure a secure and convenient Weibo experience for all users. Furthermore, Qihoo 360 will continue to expand its cooperation with Sina Weibo in mobile product and application development to provide expanded mobile Internet experiences to Chinese Internet users. Full Article
Qihoo 360 Technology Co Ltd Announces Authorization For Share Repurchase
Qihoo 360 Technology Co Ltd announced that its Board of Directors has authorized the repurchase of up to $50 million of the Company's American Depositary Shares. The share repurchases are currently expected to be made through open market purchases or privately negotiated transactions as market conditions warrant, at prices the Company deems appropriate, and in accordance with the Securities and Exchange Commission requirements. The share repurchase will be funded with the Company's existing cash reserves and ongoing cash flow. Full Article
Qihoo 360 Technology Co Ltd Issues Q4, FY 2011 Revenue Guidance Above Analysts' Estimates
Qihoo 360 Technology Co Ltd announced that for the fourth quarter of 2011, it expects revenues to be between $55 million and $56 million. For fiscal 2011, the Company expects revenues to be between $160 million and $161 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $47 million for the fourth quarter of 2011; revenues of $147 million for fiscal 2011. Full Article
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