Why SINA Corp. Stock Fell 10% Today [The Motley Fool]
SINA (SINA)
Last sina earnings: 2/26 05:00 am
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US:NASDAQ Investor Relations:
corp.sina.com.cn/eng/sina_rela_eng.htm
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Source: The Motley Fool
The Chinese web media leader dropped even after a stellar first quarter. Steve Symington ( TMFSymington ) May 9, 2018 at 4:02PM What happened Shares of SINA Corp. ( NASDAQ:SINA ) were down 10.2% as of 3:30 p.m. EDT Wednesday despite strong first-quarter 2018 results from the Chinese internet media company. More specifically, SINA's net revenue climbed 59% year over year to $440.8 million, which translated to adjusted (non- GAAP ) net income of $35.2 million, or $0.47 per share. Both the top and bottom lines arrived ahead of investors' expectations for earnings of $0.42 per share on revenue of $433.3 million. IMAGE SOURCE: SINA. So what SINA Chairman and CEO Charles Chao called it a good start to the year, noting that the company enjoyed robust revenue growth and improved monetization from Weibo, in which it owns a majority stake, and c
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