— Sina Corporation (NASDAQ: SINA) reported its third-quarter 2019 adjusted earnings of $0.94 per share versus $0.59 per share expected.
— Net revenues rose by 1% to $561.4 million while adjusted revenue increased by 1% to $558.8 million. This is compared to the consensus estimates of $555.69 million.
— Advertising revenues fell by 5% primarily due to a decline in portal advertising revenues and negative currency translation impact.
— Non-advertising revenues jumped by 37% on increased revenues generated from SINA fin-tech businesses and revenues derived from Weibo’s live streaming business acquired in the fourth quarter of 2018.
— As of September 30, 2019, SINA’s cash, cash equivalents, and short-term investments totaled $2.9 billion, compared to $2.3 billion as of December 31, 2018, mainly due to net proceeds received from Weibo’s senior notes offering.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000