China Internet on Watch Following Sina's (SINA) Q3 Beat, But Light Outlook (DANG) (RENN) (BIDU)

November 16, 2012 8:54 AM EST Send to a Friend
Traders will be keeping an eye on China Internet companies following Sina Corp's (Nasdaq: SINA) quarterly results, as issued after U.S. markets closed on Thursday.

Sina, which boasts a Twitter-like microblog in Weibo, bested third-quarter earnings expectations by 6 cents per share, while revs of $147.7 million also topped the consensus.

However, Sina said it expects fourth-quarter sales of $132 million to $136 million, missing Street estimates of $151.9 million. Shares are down nearly 7 percent in early trading as a result.

On watch include names like Baidu (Nasdaq: BIDU), Renren (NYSE: RENN), Sohu (Nasdaq: SOHU), Jiayuan (Nasdaq: DATE), Youku (NYSE: YOKU), and e-Commerce China Dangdang (NYSE: DANG).


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