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From the AP:

Both fourth-quarter results and guidance that Citibank analyst Jason Brueschke labeled "stronger than expected" sent shares of Sohu.com Inc. rising.

Sohu, one of China's largest Internet companies, said Monday its fourth-quarter profit rose 38 percent thanks to higher advertising sales.

Brueschke said some investors might worry about whether Sohu should be thought to have beaten expectations for the fourth quarter, given one-time gains from a tax subsidy and a convertible debt buyback. But he said the company clearly expected both, and built them into their forecasts for the period, along with several other discretionary choices related to marketing and accounting issues.

He said investors should focus on Sohu's outlook, and reiterated a "Buy" rating and $25 target price on the stock.

Source: Citigroup Analyst Weighs in on Sohu Earnings (SOHU)