Earnings summary
The company reported adjusted earnings of 25 cents per share on revenue of $432.4 million.
Wall Street expected a profit of 7 cents a share on revenue of $387.9 million.
Average analysts price target $45.30 | Overweight
SINA Corp. engages in the provision of online and mobile media services. It operates through the following segments: SINA Portal, Weibo, and Others. The SINA Portal segment offers automobile, fast-moving consumer goods, Internet, financial, information technology, and telecommunication services. The Weibo segment focuses on the marketing and development of the social media platform, Weibo. The Others segment includes mobile value added services; and other services. The company was founded in March 1999 and is headquartered in Shanghai, China.