SINA Corp. (SINA: Quote) 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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by RTT Staff Writer
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