Sina Corp. (SINA) reported that its fourth-quarter net income attributable to the company was $9.3 million or $0.14 per share, compared to a net loss of $100.0 million or $1.62 per share in the same period last year.
Non-GAAP net income attributable to SINA for the fourth quarter of 2011 declined to $14.0 million or $0.21 per share from $30.6 million or $0.46 per share in the comparable quarter last year. On average, fifteen analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share. Analysts' estimates typically exclude special items.
Net revenues were $133.37 million, up from $109.95 million in the same period last year, while non-GAAP net revenues for the fourth quarter of 2011 totaled $128.68 million, compared to $105.0 million for the same period last year.
Analysts estimated revenues of $129.34 million for the quarter.
SINA estimates that its non-GAAP net revenues for the first quarter of 2012 will be between $101 million and $104 million. Analysts expect the company to report revenues of $113.74 million for the first quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.