SINA Corporation (SINA) Numbers Slashed at Maxim Group Amid Weak Guidance
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Goldman Sachs Comments on SINA's (SINA) Q1 & Guidance; Analyst Notes Impact from Revoked Video Licenses
May 22, 2014 9:06 AM EDTGoldman 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
Sina Corp (SINA) Reports In-Line Q1 EPS; Issues Light Q2 Revs Outlook
May 21, 2014 5:03 PM EDTSina Corp (NASDAQ: SINA) reported Q1 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $171.5 million versus the consensus estimate of $165.03 million.
"We are delighted to report strong revenue growth in the first quarter of 2014 driven by our... More
