FONT-SIZE Plus   Neg

Sina Turns To Profit In Q4; Provides Q1 Non-GAAP Revenue Outlook - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The U.S. Consumer Products Safety Commission has asked Safety 1st to recall 35,000 highchairs after several children fell and were injured. The recall covers about 35,000 wooden Safety 1st highchairs in three models: HC144BZF (Casablanca), HC229CZF (Gentle Lace) and HC229CYG (Black Lace). Safety... Ferrari, the luxury car division of Fiat Chrysler Automobiles (FCAU) is reportedly getting a much higher valuation than previously expected driven by its premium status of manufacturing high-performance luxury cars. According to reports, Ferrari expects the IPO to bring its market valuation to about... SeaWorld Entertainment Inc. (SEAS) has received another blow to its business as the California Coastal Commission banned breeding of captive killer whales in San Diego. The new law means SeaWorld won't be allowed to breed captive orcas, including through artificial insemination, at its California...
comments powered by Disqus
Trade SINA now with 
Follow RTT