Sina predicts 3rd-quarter revenue below analyst expectations
By APTuesday, September 1, 2009
Sina gives 3Q outlook below analyst estimates
SAN FRANCISCO — Sina Corp., operator of a leading Chinese Internet portal, on Monday predicted third-quarter revenue that is lower than what analysts expect.
Sina is looking for $91 million to $94 million in third-quarter revenue. Analysts polled by Thomson Reuters expect, on average, $96.1 million in revenue.
In the third quarter of 2008, Sina’s revenue totaled $105.4 million.
Shares of Shanghai-based Sina fell 26 cents in after-hours trading, after finishing regular trading down 34 cents at $30.
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