Sina Corp (SINA) Tops Q4 EPS by 43c, Revenues Beat

Sina Corp (NASDAQ: SINA) reported Q4 EPS of $1.17, $0.43 better than the analyst estimate of $0.74. Revenue for the quarter came in at $593.3 million versus the consensus estimate of $555.76 million.

Fourth Quarter 2019 Highlights

• Net revenues increased 4% year-over-year to $593.3 million. Non-GAAP net revenues increased 4% year-over-year to $590.7 million, representing an increase of 5% on a constant currency basis [1].
• Advertising revenues decreased 5% year-over-year to $460.9 million.
• Non-advertising revenues increased 49% year-over-year to $132.5 million. Non-GAAP non-advertising revenues increased 51% year-over-year to $129.8 million.
• Net loss attributable to SINA was $175.4 million, or $2.53 for diluted net loss per share attributable to SINA's ordinary shareholders. Non-GAAP net income attributable to SINA was $82.7 million, or $1.17 for non-GAAP diluted net income per share attributable to SINA's ordinary shareholders.

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

You May Also Be Interested In

• BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
• L3Harris CEO steps down amid conduct review, shares drop
• Flagstar Bank selects Fiserv's Finxact for core banking overhaul