Earnings Data - Qihoo 360 Technology

LONDON, April 6, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free earnings review on Qihoo 360 Technology Co. Ltd (NYSE: QIHU). On March 09, 2015, the company reported its financial results for Q4 FY14 and full-year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Qihoo%20360%20Technology&d=06-Apr-2015&s=QIHU to read our free earnings review on Qihoo 360 Technology Co. Ltd. (Qihoo 360). The company's revenue surged 94.6% Y-o-Y in Q4 FY14 and 107.2% Y-o-Y in FY14. Chairman and CEO of Qihoo 360, Mr. Hongyi Zhou, stated that the company was pleased to report its sixteenth consecutive quarter of robust growth as a public company and deliver another full year of solid progress in operations. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Qihoo%20360%20Technology&d=06-Apr-2015&s=QIHU

Earnings Overview 

During Q4 FY14, Qihoo 360's revenue rose to $431.21 million from $221.62 million in Q4 FY13. The company's Q4 FY14 revenue outperformed Bloomberg analysts' forecasts of $416.33 million. Qihoo 360's online advertising segment revenues surged 70.8% Y-o-Y to $243.2 million in Q4 FY14. Further, during the reported quarter, the company's internet value-added service segment revenues rose 112.2% Y-o-Y to $167.4 million. Free research on QIHU can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Qihoo%20360%20Technology&d=06-Apr-2015&s=QIHU

In Q4 FY14, Qihoo 360's GAAP income from operations grew to $108.07 million from $8.92 million in Q4 FY13. GAAP net income attributable to Qihoo 360 increased to $76.82 million, or $0.58 per diluted American Depositary Share (ADS), in Q4 FY14 from $16.65 million, or $0.13 per diluted ADS, in Q4 FY13. Analysts from Bloomberg had expected the company to report GAAP net income attributable to Qihoo 360 of $67.73 million, or $0.49 per diluted ADS, in Q4 FY14. Furthermore, Q4 FY14 non-GAAP net income attributable to Qihoo 360 stood at $109.41 million, or $0.75 per diluted ADS, compared to $96.30 million, or $0.70 per diluted ADS, in Q4 FY13.

For FY14, Qihoo 360's revenue stood at $1.39 billion, compared to $671.09 million in FY13. The company's FY14 revenue outperformed Bloomberg analysts' forecasts of $1.38 billion. During FY14, Qihoo 360's online advertising revenues rose 81.3% Y-o-Y to $756.4 million. Moreover, the company's internet value-added service revenues surged 141.9% Y-o-Y to $611.2 million in FY14.

During FY14, Qihoo 360's GAAP income from operations increased to $259.49 million from $103.10 million in FY13. GAAP net income attributable to Qihoo 360 surged to $222.77 million, or $1.69 per diluted ADS, in FY14 from $99.65 million, or $0.77 per diluted ADS, in FY13. Analysts from Bloomberg had expected the company to report GAAP net income attributable to Qihoo 360 of $215.00 million, or $1.63 per diluted ADS, in FY13. Moreover, non-GAAP net income attributable to Qihoo 360 came in at $341.52 million, or $2.43 per diluted ADS, in FY14, compared to $226.29 million, or $1.74 per diluted ADS, in FY13. Sign up and read the free analyst's notes on QIHU at:

http://get.Investor-Edge.com/pdf/?c=Qihoo%20360%20Technology&d=06-Apr-2015&s=QIHU

Qihoo 360 generated net cash from operations of $388.40 million in FY14, compared to $210.23 million in FY13. As of December 31, 2014, the company had cash and cash equivalents of $1.65 billion, compared with $1.01 billion as of December 31, 2013.

President of Qihoo 360, Mr. Xiangdong Qi, said that the company is happy to surpass its internal revenue and profitability targets for both the Q4 FY14 and the full year FY14. Qihoo 360 continues to see robust growth in key areas of its business, he added.

On February 27, 2015, the company announced that it had completed a $200 million share repurchase program at an average price of $58.98 per ADS, authorized by its Board of Directors on October 01, 2014.

For its Q1 FY15 outlook, Qihoo 360 expects revenues in the range of $375 million and $380 million, representing a Y-o-Y increase of 41% to 43% and Q-o-Q decline of 12% to 13%. Visit Investor-Edge and access the latest research on QIHU at:

http://get.Investor-Edge.com/pdf/?c=Qihoo%20360%20Technology&d=06-Apr-2015&s=QIHU

Stock Performance  

On the day following the earnings release, March 10, 2015, Qihoo 360's stock plummeted 5.17% to end the session at $45.16. Since then, the company's stock has mostly witnessed a positive trend. On the last close, Thursday, April 02, 2015, Qihoo 360's shares finished 2.89% higher at $52.42. The company's shares vacillated between $51.15 and $53.19 during the session. A total of 1.85 million shares were traded which was below their three months average volume of 2.68 million shares. Over the previous three trading sessions and over the last one month, the company's shares have surged 4.63% and 13.64%, respectively. However, the stock has lost 12.21% in the past three months. Shares in Qihoo 360 closed below their 50-day and 200-day moving averages of $53.25 and $70.79, respectively. Furthermore, the stock traded at a PE ratio of 34.72.

Sneak Peek to Corporate Insider Trading 

In the last one month, Qihoo 360 has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on QIHU is available at:

http://get.Investor-Edge.com/pdf/?c=Qihoo%20360%20Technology&d=06-Apr-2015&s=QIHU

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