Revenue Update on SINA Corp(NASDAQ:SINA)

SINA Corp(NASDAQ:SINA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $310.815M. Analysts estimated a revenue of $301.560M. The revenues were 3.07% above the estimates. Earnings per share were $0.63. The reported EPS was above estimates by 14.55%. Analysts had estimated an EPS of $0.55.

SINA Corp (SINA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.72% or 0.57 points. Due to strong positive momentum, the stock ended at $79.56, which is also near the day’s high of $79.6. The stock began the session at $79.21 and the volume stood at 10,49,602 shares. The 52-week high of the shares is $85.24 and the 52 week low is $41.62. The company has a current market capitalization of $5,639 M and it has 7,08,81,168 shares in outstanding.

SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal Weibo and other businesses. Its digital media network of SINA.com SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal SINA.cn provides news information and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format such as SINA News SINA Sports SINA Finance SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create distribute and discover Chinese-language content.

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