Sina Corp (SINA) Tops Q2 EPS by 13c

Sina Corp (NASDAQ: SINA) reported Q2 EPS of $0.70, $0.13 better than the analyst estimate of $0.57. Revenue for the quarter came in at $358.9 million versus the consensus estimate of $339.13 million.

"We are delighted with the financial results for the second quarter of 2017." said Charles Chao, Chairman and CEO of SINA. "Weibo has further strengthened its social platform network effect and delivered solid user base expansion, accelerated revenue growth and continuing operational leverage." said Mr. Chao. "For SINA business, we have continued to witness healthy growth of mobile traffic from SINA media properties and improved mobile monetization. We are also pleased to see the progression we made in our online finance business." Mr. Chao concluded.

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

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