Sina Stock Falls in After-Hours Trading After Reporting Q1 Results
NEW YORK (TheStreet) -- Sina (SINA) - Get Report stock is lower by 3.67% to $48 in after-hours trading on Wednesday, after the company reported its financial results for the 2016 first quarter.
After the market close, the China-based online media company reported an adjusted loss of 4 cents per share, compared to analysts' expectations for a loss of 5 cents per share.
Revenue increased by 8% year-over-year to $196.1 million for the most recent period, beating analysts' estimates for $189.47 million.
Advertising revenue increased by 8% year-over-year to $163 million, while non-advertising revenue was $35.7 million from $34.2 million a year ago.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Sina's strengths such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures are countered by weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: SINA
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
