Sina Corp. (Nasdaq: SINA) reported a decline in adjusted earnings for the first quarter when revenues of the China-based online media firm increased 8%.
Net income attributable to shareholders, on an adjusted basis, dropped to $0.40 per share from $0.47 per share last year. Reported profit was $33.08 million or $0.46 per share, compared to $28.69 million or $0.38 per share in the first quarter of 2018.
Net revenues moved up 7.8% to $475.14 million in the March quarter. Adjusted revenue came in at $472.5 million.
(picture source: 163.com)