SINA Corp. (SINA) Thursday said first-quarter loss narrowed slightly to $13.2 million or $0.20 per share from $13.7 million or $0.21 per share in the same period last year.
Adjusted earnings attributable to SINA was $1.5 million or $0.02 per share. On average, 13 analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $126.0 million, up from $106.2 million last year. Adjusted revenues were $121.3 million. Analysts expected revenues of $117.54 million.
Gross margins improved to 51 percent from 46 percent last year.
Looking ahead to the second quarter, the company targets adjusted revenues in a range of $143 million to $147 million. Analysts currently expect revenues of $142.66 million for the second quarter.
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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.