SINA (SINA) Stock Lower Today on Fourth Quarter Revenue Outlook

NEW YORK (TheStreet) -- Shares of SINA Corp.  (SINA) are down 6.71% to $39.04 after the Shanghai-based online media company, serving China and the global Chinese communities, said its fourth quarter revenues are expected to be between $204 million and $210 million, while the consensus estimate is for revenues of $214.75 million.

For the third quarter, SINA reported non-GAAP EPS of 19 cents, above the consensus estimate of 17 cents.

Revenue was $198.61 million, up from $184.63 million a year ago.. Analysts expected revenue of $196.36 million.

 

TheStreet Ratings team rates SINA CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate SINA CORP (SINA) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself."

SINA Chart SINA data by YCharts

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