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Up yesterday after delivering its Q1 report, Chinese browser developer Qihoo 360 (QIHU -7.5%) is...

Up yesterday after delivering its Q1 report, Chinese browser developer Qihoo 360 (QIHU -7.5%) is now selling off. Though results beat estimates and the company's guidance for Q2 revenue of $72M-$73M is above a $67.3M consensus, investors might be worried about Qihoo's decision to name finance VP Jue Yao the company's co-CFO, alongside existing CFO Alex Xu. Qihoo has been hit by allegations of accounting misdeeds from Citron Research and others.

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Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Though results beat estimates and the company's guidance for Q2..."

     

    Reuters is reporting that...wait...Chinese authorities are reporting...wait...

     

    Growth will come in at 8.9%...

     

    Unless it doesn't."

     

    Then...
    23 May 2012, 12:43 PM Reply Like
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