Sina Q3 profits decline, miss expectations

16 November 2009 @ 07:09 pm EDT

Sina Corp. on Monday posted its third quarter fiscal report, with profits declining from  $18.9 million or $0.31 per share a year ago to $16.7 million or $0.29 per share.

Analysts polled by Thomson Reuters expected Sina to report earnings of $0.31 per share excluding special items.

Sina posted a total revenue of $96.4 million, down 8.54 percent compared to $105.4 million in the same period last year but up 2.1 percent than Wall Street analysts' expectation of $94.46 million.

Non-GAAP net income attributable to Sina totaled $20.1 million or $0.34 per share, compared to $23.7 million or $0.39 per share in the year-ago period.

The company forecasts the total revenue of the fourth quarter to be  $93 million to $96 million.

This article is copyrighted by International Business Times.

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy