SINA Corp. (SINA) reported a first quarter non-GAAP net loss of $0.21 per share after the bell Tuesday, compared to the profit of $0.25 per share in the previous year. The consensus estimate was for a loss of $0.23.
SINA gapped open sharply higher Wednesday, but traded in a range for the majority of the session. The stock ended the day higher by 5.73 at $57.41 on above average volume. SINA rebounded off of support at the lows of the year and set a week and a half high.
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