Inc. Earnings Cheat Sheet: Strong Quarter on Double-Digit Sales Growth Inc. (NASDAQ:SOHU) reported net income above Wall Street’s expectations for the first quarter., Inc. is an internet company, which through its subsidiaries, provides online products and services with news, information, entertainment and communication in China.

Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month! Earnings Cheat Sheet for the First Quarter

Results: Net income for Inc. rose to $39.3 million ($1.01/share) vs. $30.2 million (73 cents/share) in the same quarter a year earlier. A rise of 30.2% from the year earlier quarter.

Revenue: Rose 34.7% to $174.4 million YoY.

Actual vs. Wall St. Expectations: SOHU beat the mean analyst estimate of 96 cents/share. Estimates ranged from 94 cents per share to 98 cents per share.

Quoting Management: Ms. Carol Yu, Co-President and CFO of Sohu commented, “The independent listing of Changyou in 2009 was followed by exciting growth of our gaming business. With the launch of DMD and the addition of web-based games to our portfolio, it is evident that this business will continue to contribute handsome profitability and cashflows to the Sohu Group. Our new capital structure for our Sogou business has also generated encouraging results to-date. Management will continue to explore and execute optimal capital structures for our underlying businesses to ensure sustainable growth and deliver value to our shareholders over the long term. ”

Key Stats: The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 21.8%, with the biggest boost coming in the most recent quarter when revenue rose 34.7% from the year earlier quarter.

The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 35.9% and in the third quarter of the last fiscal year, the figure rose 9.8%.

Competitors to Watch: Inc. (XOU), SINA Corporation (NASDAQ:SINA),, Inc. (NASDAQ:BIDU), Google Inc. (NASDAQ:GOOG),, Inc. (NASDAQ:NTES), Yahoo! Inc. (NASDAQ:YHOO), Ku6 Media Co., Ltd. (NASDAQ:KUTV), Shanda Interactive Entertainment Ltd (NASDAQ:SNDA), Inc (NYSE:YOKU), and India Ltd. (NASDAQ:REDF).

Today’s Performance: Shares of SOHU are trading at $99.49 as of April 25, 2011 at 9:32 AM ET, up over 4% from the previous close.

Don’t Miss Wall St. Cheat Sheet’s newest Feature Trades of the Month!