SINA Corp. (SINA) reported a first quarter non-GAAP net loss of $0.21 per share after the bell Tuesday, compared to the profit of $0.25 per share in the previous year. The consensus estimate was for a loss of $0.23.
SINA gapped open sharply higher Wednesday, but traded in a range for the majority of the session. The stock ended the day higher by 5.73 at $57.41 on above average volume. SINA rebounded off of support at the lows of the year and set a week and a half high.
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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.