Categories Earnings, Technology

Earnings: Sina Corp. Q1 adjusted profit declines; stock falls

Sin Corp. Q1 revenue up 8%
Image Courtesy: Sina Corporation

Sina Corp. (Nasdaq: SINA) reported a decline in adjusted earnings for the first quarter when revenues of the China-based online media firm increased 8%. The company’s stock lost sharply early Thursday after the results missed analysts’ forecast.

Net income attributable to shareholders, on an adjusted basis, dropped to $0.40 per share from $0.47 per share last year. Reported profit was $33.08 million or $0.46 per share, compared to $28.69 million or $0.38 per share in the first quarter of 2018. It was weaker than the outcome projected by Wall Street.

Net revenues moved up 7.8% to $475.14 million in the March quarter.  Adjusted revenue came in at $472.5 million. Analysts were expecting a slightly higher top-line number. At $388 million, advertising revenue was up 6% year-over-year. The growth was driven by higher advertising and marketing revenues a the company’s microblogging website Weibo, which was partially offset by a decline in portal advertising revenues.

Advertising revenues rose 6% helped by strong performance by the company’s microblogging website Weibo

There was an 18% growth in non-advertising revenue, owing mainly to revenues derived from Weibo’s live streaming business acquired in the previous quarter and higher revenues from Sina’s fin-tech businesses.

Weibo Beats on Earnings

Earlier, Weibo (NASDAQ: WB) reported better-than-expected first-quarter earnings, even as the top line narrowly missed the Street estimate.

Weibo’s revenues grew 14% to $399.2 million, below the Wall Street consensus of $401.51 million. Adjusted net income was 56 cents per share, above 51 cents per share projected by analysts. Weibo’s monthly active users (MAUs) stood at 465 million as of March 2019, representing a net addition of 54 million users since the last year.

Shares of Sina dropped about 9% in the pre-market trading Thursday, after closing the previous session lower.

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit

Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the

What to look for when Netflix (NFLX) reports its Q2 2025 earnings results

Shares of Netflix, Inc. (NASDAQ: NFLX) stayed red on Monday. The stock has gained 50% over the past three months. The streaming giant is scheduled to report its earnings results

Coinbase shines on stablecoin boom, S&P 500 debut. Will the rally continue?

Coinbase Global, Inc. (NASDAQ: COIN) has emerged as the largest and most user-friendly cryptocurrency exchange in the US, since going public a few years ago. It has played a pivotal

Comments

  1. Pingback: Public Policy
  2. Pingback: Future University
  3. Pingback: الاقتصاد
  4. Pingback: periodontology
  5. Pingback: Pharmacy's PHD
  6. Pingback: panantukan
  7. Pingback: Fiverr Earn
  8. Pingback: Fiverr Earn
  9. Pingback: Fiverr Earn
  10. Pingback: Fiverr Earn
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback: fiverrearn.com
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: french bulldog
  17. Pingback: fiverrearn.com
  18. Pingback: fluffy frenchie
  19. Pingback: micro frenchies
  20. Pingback: tom kings kennel
  21. Pingback: mini frenchie
  22. Pingback: future university
  23. Pingback: future university
  24. Pingback: future university
  25. Pingback: rtp slot gacor
  26. Pingback: french bulldogs
  27. Pingback: Fiverr.Com
  28. Pingback: FiverrEarn
  29. Pingback: french bulldog
  30. Pingback: french bulldog
  31. Pingback: lean six sigma
  32. Pingback: Piano service
  33. Pingback: Discreet moving
  34. Pingback: Classic Books 500
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: Streamer
  38. Pingback: Media
  39. Pingback: partners
  40. Pingback: Betting
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: live sex cams
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: Slot Thailand
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: fullersears.com
  57. Pingback: french bulldog buy
  58. Pingback: live sex cams
  59. Pingback: live sex cams
  60. Pingback: live sex cams
  61. Pingback: dehydrated water
  62. Pingback: frt trigger
  63. Pingback: 늑대닷컴
  64. Pingback: Uang asli
  65. Pingback: One Peace AMV
  66. Pingback: One Peace AMV
  67. Pingback: superslot
  68. Pingback: allgame
  69. Pingback: 918kiss
  70. Pingback: หวย24
  71. Pingback: Body Care
  72. Pingback: pg slot
  73. Pingback: 44 mag ammo
  74. Pingback: contratar sicario
  75. Pingback: MasumINTL.Com
  76. Pingback: ItMe.Xyz
  77. Pingback: FB URL Shortener
  78. Pingback: mzplay
  79. Pingback: seo wix
  80. Pingback: satoshi t shirt
  81. Pingback: cheap nude chat
  82. Pingback: sex cams
  83. Pingback: cheap nude chat
  84. Pingback: floodle
  85. Pingback: registry dog
  86. Pingback: liz kerr
  87. Pingback: Alen-Bradley
  88. Pingback: playnet app
  89. Pingback: 스포츠중계
  90. Pingback: esports
  91. Pingback: halo infinite ESP
  92. Pingback: fortnite hacks
  93. Pingback: linh hoang
  94. Pingback: 늑대닷컴
  95. Pingback: dr kim acupuncture
  96. Pingback: linh hoang
  97. Pingback: nepo hat
  98. Pingback: sui
  99. Pingback: crypto news
  100. Pingback: french bulldog
  101. Pingback: mexican candy bags
  102. Pingback: Dog Registry
  103. Pingback: Dog Registry
  104. Pingback: Dog Papers
  105. Pingback: Dog Papers
  106. Pingback: Dog Registry
  107. Pingback: Dog Papers
  108. Pingback: Dog Registry
  109. Pingback: french pitbull
  110. Pingback: golf cart rental
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top