Plus   Neg

Sina Corporation Q3 adjusted earnings Beat Estimates

Sina Corporation (SINA) revealed earnings for third quarter that declined from last year.

The company's profit came in at $45.44 million, or $0.62 per share. This compares with $49.29 million, or $0.66 per share, in last year's third quarter.

Excluding items, Sina Corporation reported adjusted earnings of $67.66 million or $0.96 per share for the period.

Analysts had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.7% to $557.20 million from $443.15 million last year.

Sina Corporation earnings at a glance:

-Earnings (Q3): $67.66 Mln. vs. $57.67 Mln. last year.
-EPS (Q3): $0.96 vs. $0.77 last year.
-Analysts Estimate: $0.69
-Revenue (Q3): $557.20 Mln vs. $443.15 Mln last year.

Full year revenue guidance: $2.09 - $2.12 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT