SINA Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - SINA Corp. (SINA) reported third-quarter net income to company of $133.60 million or $1.91 per share, compared to $25.39 million or $0.37 per share, prior year. Non-GAAP net income attributable to SINA was $13.1 million, or $0.19 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.17 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $198.61 million from $184.63 million last year. Analysts expected revenue of $196.36 million for the quarter.

SINA estimates its non-GAAP net revenues for the fourth quarter will be between $204 million and $210 million, which exclude the recognition of $2.6 million in deferred license revenues from E-House. Analysts expect the company to report fourth-quarter revenue of $214.75 million.