SINA Corp (SINA) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Jul 22, 2016.
On the company’s financial health, SINA Corp reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 11, 2016. Analyst had a consensus of $0.03. The company had revenue of $198.70 million for the quarter, compared to analysts expectations of $197.87 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
SINA Corp opened for trading at $50.9 and hit $52.42 on the upside on Wednesday, eventually ending the session at $52.04, with a gain of 3.13% or 1.58 points. The heightened volatility saw the trading volume jump to 3,75,572 shares. Company has a market cap of $3,635 M.
SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal Weibo and other businesses. Its digital media network of SINA.com SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal SINA.cn provides news information and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format such as SINA News SINA Sports SINA Finance SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create distribute and discover Chinese-language content.