Sell on the news: Qihoo (QIHU -6.9%) is now off sharply post-earnings, albeit still up from...

|By:, SA News Editor

Sell on the news: Qihoo (QIHU -6.9%) is now off sharply post-earnings, albeit still up from Friday's close. Jefferies has cut shares to Hold: while noting Qihoo's strong revenue guidance, the firm is worried about weak margin guidance and a marketing spend ramp. It's also cutting its 2013 search revenue forecast by 12% to $100M. On the earnings call, management stated its mobile monetization efforts will be focused on games rather than ads over the near-term, and declared its Mobile Assistant marketplace the most popular Android app store in China.