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Sina Corporation Q3 adjusted earnings Beat Estimates

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

The company's bottom line totaled $20.40 million, or $0.28 per share. This compares with $45.44 million, or $0.62 per share, in last year's third quarter.

Excluding items, Sina Corporation reported adjusted earnings of $67.04 million or $0.94 per share for the period.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.8% to $561.45 million from $557.20 million last year.

Sina Corporation earnings at a glance:

-Earnings (Q3): $67.04 Mln. vs. $67.66 Mln. last year.
-EPS (Q3): $0.94 vs. $0.93 last year.
-Analysts Estimate: $0.59
-Revenue (Q3): $561.45 Mln vs. $557.20 Mln last year.

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