Sina Corp (SINA) Reports In-Line Q1 EPS; Issues Light Q2 Revs Outlook
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Go back to Sina Corp (SINA) Reports In-Line Q1 EPS; Issues Light Q2 Revs Outlook
May 22, 2014 9:06 AM EDT
Goldman Sachs maintained a Buy rating on SINA Corporation (NASDAQ: SINA) and lowered its price target to $61.00 (from $63.00). Analyst Piyush Mubayi ties below-consensus guidance to news the government revoked its internet publication and video licenses.
"SINA reported 1Q14 non-GAAP revenues of $167mn (-13% qoq, +38% yoy), in line with GSe/Bloomberg consensus. Non-GAAP operating loss of $4.8mn (vs GSe of $9.1mn profit) reflected +67% yoy in sales & marketing and +44% yoy in product... More
May 22, 2014 9:01 AM EDT
Maxim Group analyst Echo He reiterated a Hold rating and cut estimates on SINA Corporation (NASDAQ: SINA) following Q1 results and weak guidance from the company.
He weighs in: "Last night, SINA reported 1Q14 revenue of $167.3M and non-GAAP EPS of $0.15, in line with its pre-announced results. Its total revenue... More
