Sina Corp (SINA) Tops Q4 EPS by 1c; Guides FY18 Revs Above Views

Sina Corp (NASDAQ: SINA) reported Q4 EPS of $0.79, $0.01 better than the analyst estimate of $0.78. Revenue for the quarter came in at $503.7 million versus the consensus estimate of $484.33 million.

GUIDANCE:

Sina Corp sees FY2018 revenue of $2.23-2.38 billion, versus the consensus of $2.15 billion.

For the fiscal year 2018, SINA estimates that its net revenues are between RMB14.5 billion and RMB15.5 billion, or US$2.23 billion and US$2.38 billion, assuming US dollar and RMB exchange rate of 6.50, which was the closing rate on December 31, 2017. Such revenue forecast includes the recognition of $10.4 million in deferred license revenues related to the license granted to Leju. This forecast reflects SINA's current and preliminary view, which is subject to change.

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

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