logo
Share SHARE
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
Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product... Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange... Anglo-Australian mining giant BHP Billiton plc reported Tuesday a profit in its first half, compared to last year's hefty loss on sharply lower one charges. Underlying EBITDA, a key earnings metric, climbed 65 percent with higher production and prices. The company further lifted its dividend by 150 percent.
comments powered by Disqus
Follow RTT