Sina Q1 Loss Widens; Issues Q2 Adj. Revenue Outlook - Quick Facts

(RTTNews) - Chinese online media company Sina Corp. (SINA), Wednesday reported first-quarter net loss attributable to the company of $33.2 million or $0.52 per share, wider than $13.2 million or $0.20 per share in the comparable quarter last year.

Adjusted earning for the quarter rose to $11.1 million or $0.15 per share from $1.5 million or $0.02 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose 36% to $171.48 million from $125.97 million last year. Adjusted revenues were $167.35 million, up 38% from $121.29 million for the same period last year. Analysts estimated revenues of $165.25 million for the quarter.

Looking ahead to the second quarter, SINA estimates non-GAAP net revenues in the range of $177 million to $182 million. Analysts currently expect second quarter revenues of $197.74 million.