Sina Corp (SINA) Tops Q2 EPS by 9c; Guides Q3 Revs

Sina Corp (Nasdaq: SINA) reported Q2 EPS of $0.17, $0.09 better than the analyst estimate of $0.08. Revenue for the quarter came in at $187 million versus the consensus estimate of $180.03 million.

Second Quarter 2014 Highlights

• Advertising revenues grew 29% year over year to $155.8 million, exceeding the Company's guidance between $152 million and $155 million.
• Non-advertising revenues were $31.2 million. Non-GAAP non-advertising revenues were $28.6 million, exceeding the Company's guidance between $25 million and $27 million.

"We are pleased with SINA's second quarter results." said Charles Chao, Chairman and CEO of SINA. "Weibo is executing well with strong financial performance, solid traffic growth and measurable progress toward building out a social commerce platform and offering native ads to large brand customers. On the portal side, we are making progress in building new businesses and leveraging SINA's brand and media influence to capture mobile and vertical opportunities."

Sina Corp sees Q3 2014 revenue of $193-199 million, versus the consensus of $199.1 million.

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

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