Sina (SINA) Higher Into Wednesday's Earnings Release
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Shares of Sina Corp. (Nasdaq: SINA) are on the move today, adding 5%, ahead of earnings due after the close Wednesday. A number of analysts are making positive comments on SINA ahead of the results.
On average, Wall Street is looking for EPS of $0.27 and revenues of $67.35 million. Last quarter, the company topped the Wall Street consensus and provided upbeat guidance.
Today, Goldman Sach said they "expect Sina to report meaningful upside." Piper Jaffray said they expect and in-line quarter and slightly raised guidance. Both firms rate SINA a Buy, with $50 and $58 price targets, respectively.
Today, with the upside action, SINA is trading at $50.66.
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