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.