logo
Plus   Neg
Share
Email

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.

-Guidance:
Full year revenue guidance: $2.09 - $2.12 Bln

For comments and feedback contact: editorial@rttnews.com

RELATED NEWS
Follow RTT