Sina Corp. Q1 Net revenues moved up 7.8% to $475.14 million
by AlphaStreet 2019-05-24
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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)