SINA Corp. (SINA) reported second quarter adjusted EPS of $0.05 after the bell Wednesday, down from $0.20 in the prior year period. The consensus estimate was for a loss of $0.02.
SINA Corp. gapped open sharply higher Thursday and climbed throughout the first hour of trade, before settling into a range. The stock closed up by 5.29 at $56.19 on the highest volume in 5 1/2 months. SINA rose to nearly a 2-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.