SINA Reports Profit In Q2 - Quick Facts

(RTTNews) - SINA Corp. (SINA) reported second-quarter net income attributable to company of $16.6 million, compared to a net loss of $11.5 million, last year. Net income per share was $0.25, compared to a loss per share of $0.17. Non-GAAP net income attributable to SINA for the second quarter of 2014 was $12.1 million, or $0.17, per share.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.09 for the quarter. Analysts' estimates typically exclude special items.

Net revenues were $187.0 million, compared to $157.5 million, a year ago. Non-GAAP net revenues totaled $184.4 million, compared to $152.8 million, last year. Analysts expected revenue of $179.20 million for the quarter.

SINA estimates that its non-GAAP net revenues for the third quarter of 2014 will be between $193 million and $199 million, which excludes the recognition of $2.6 million in deferred license revenues from E-House. Analysts expect the company to report third-quarter revenue of $199.12 million.