Sina Corp (SINA) Tops Q2 EPS by 12c; Raises Outlook
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SINA (SINA) PT Raised to $65 at Brean Capital
August 9, 2016 9:41 AM EDTBrean Capital analyst Fawne Jiang reiterated a Buy rating and raised his price target on SINA Corporation (NASDAQ: SINA) to $65.00 (from $55.00) following strong 2Q16 results driven by robust growth from Weibo on the back of continued user growth and accelerating monetization while portal business stabilized.
Jiang commented, " As a result, SINA raised its FY2016 revenue... More
Sina Corp (SINA) Tops Q2 EPS by 12c; Boosts FY16 Sales Outlook
August 8, 2016 4:35 PM EDTSina Corp (NASDAQ: SINA) reported Q2 EPS of $0.27, $0.12 better than the analyst estimate of $0.15. Revenue for the quarter came in at $244 million versus the consensus estimate of $231.69 million.
GUIDANCE:
Sina Corp sees FY2016 revenue of $950-1000 million, versus prior... More
