Sina Corporation (NASDAQ:SINA) is reporting second quarter financial results on Monday 28th September 2020, before market open.
According to analysts surveyed by Thomson Reuters, SINA is expected to report 2Q20 income of $ 0.43 per share from revenue of $ 482.85 million.
For the full year, analysts anticipate top line of $ 2111.76 million, while looking forward to income of $ 2.43 per share bottom line.
Previous Quarter Performance
Sina Corporation unfold income for the first quarter of $ 0.25 per share, from the revenue of $ 432.44 million. The quarterly earnings contracted 37.50 percent while revenues shrunk 8.99 percent compared with the same quarter last year.
Street analysts expected Sina Corporation to report income of $ 0.07 per share on revenue of $ 385.62 million for the first quarter. The bottom line results beat street analysts by $ 0.18 or 257.14 percent, at the same time, top line results outshined analysts by $ 46.82 million or 12.14 percent.
Stock Performance
On Friday, shares of Sina Corporation has traded high as $ 40.33 and has cracked $ 40.02 on the downward trend, reaching $ 40.19 with volume of 694.10 thousand shares.
According to the previous trading day, closing price of $ 40.19, representing a 55.38 % increase from the 52 week low of $ 26.04 and a 10.07 % decrease over the 52 week high of $ 44.99.
The company has a market capital of $ 2.39 billion and is part of the Technology sector and Internet Content & Information industry.
SINA Corporation operates as an online media company in the Peoples Republic of China and internationally. The company operates SINA.com, an online media property that provides region-focused format and content, including feeds from news providers; business news coverage and personal finance columns; multimedia news; sporting events information; entertainment news and events; automobile-related news and service information; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels. It also offers SINA mobile, a mobile portal, which provides news information and entertainment content from SINA.com for mobile users in mobile browser and application format.
