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Sina Corporation Q4 adjusted earnings Beat Estimates

Sina Corporation (SINA) released a profit for fourth quarter that fell from the same period last year.

The company's earnings totaled $16.38 million, or $0.22 per share. This compares with $45.36 million, or $0.60 per share, in last year's fourth quarter.

Excluding items, Sina Corporation reported adjusted earnings of $57.69 million or $0.80 per share for the period.

Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.8% to $573.01 million from $503.74 million last year.

Sina Corporation earnings at a glance:

-Earnings (Q4): $57.69 Mln. vs. $59.96 Mln. last year.
-EPS (Q4): $0.80 vs. $0.79 last year.
-Analysts Estimate: $0.74
-Revenue (Q4): $573.01 Mln vs. $503.74 Mln last year.

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