Sina predicts 3rd-quarter revenue below analyst expectations

By AP
Tuesday, 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.

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :