SINA Corp. (SINA) reported fourth quarter adjusted EPS of $0.13 after the close Tuesday, down from $0.21 in the prior year. The consensus estimate was for EPS of $0.05.
SINA gapped open sharply higher Wednesday, but traded in a range for the bulk of the session. The stock closed up by 2.87 at $56.35 on above average volume. SINA closed challenging the upper end of over a 1-month trading range.
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