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Sina Corporation Q2 adjusted earnings Beat Estimates

Sina Corporation (SINA) announced a profit for its second quarter that advanced from last year.

The company's bottom line came in at $51.42 million, or $0.73 per share. This compares with $35.05 million, or $0.47 per share, in last year's second quarter.

Excluding items, Sina Corporation reported adjusted earnings of $53.99 million or $0.76 per share for the period.

Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.8% to $530.45 million from $534.75 million last year.

Sina Corporation earnings at a glance:

-Earnings (Q2): $53.99 Mln. vs. $66.52 Mln. last year.
-EPS (Q2): $0.76 vs. $0.89 last year.
-Analysts Estimate: $0.47
-Revenue (Q2): $530.45 Mln vs. $534.75 Mln last year.

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