Sina Corp (SINA) Tops Q1 EPS by 1c

Sina Corp (NASDAQ: SINA) reported Q1 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $198.7 million versus the consensus estimate of $189.47 million.

Online advertising revenues for the first quarter of 2016 were $163.0 million, compared to $150.4 million for the same period last year. The year-over-year growth in online advertising revenues resulted from an increase of $20.1 million in Weibo advertising and marketing revenues, partially offset by a decline of $7.5 million in portal advertising revenues. Weibo's advertising revenue from Alibaba was $11.1 million, compared to $34.5 million for the same period last year, which was under a strategic collaboration agreement that expired in January 2016.

For earnings history and earnings-related data on Sina Corp (SINA) click here.

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