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Sina Corporation Q1 adjusted earnings Miss Estimates

Sina Corporation (SINA) announced earnings for its first quarter that rose from the same period last year.

The company's earnings totaled $33.08 million, or $0.46 per share. This compares with $28.69 million, or $0.38 per share, in last year's first quarter.

Excluding items, Sina Corporation reported adjusted earnings of $28.85 million or $0.40 per share for the period.

Analysts had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $475.14 million from $440.75 million last year.

Sina Corporation earnings at a glance:

-Earnings (Q1): $28.85 Mln. vs. $35.23 Mln. last year.
-EPS (Q1): $0.40 vs. $0.47 last year.
-Analysts Estimate: $0.42
-Revenue (Q1): $475.14 Mln vs. $440.75 Mln last year.

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