Qihoo 360′s Q4 Misses Estimates, Jefferies Downgrades Rating

Chinese Internet company Qihoo 360 Technology (NYSE:QIHU) announced its earnings for last quarter on Wednesday, and although the company netted $0.10 per share, it fell short of expectations for $0.17 per share.

In all, Qihoo netted $12.8 million for the quarter, a drop of 14.7 percent from 2012′s fourth quarter income of $15 million.

2012 was a good year for Qihoo. It nearly doubled its revenues, landing at $329 million, over $167.9 million in 2011 — which represents a 96 percent increase. The icing on the cake was the tripling of the net income, which sat at $46.8 million for the year, according to The Motley Fool. Overall, the company delivered $0.80 per share, over expectations of $0.76…