Investing.com - SINA Corp reported on Monday second quarter earnings that matched analysts' forecasts and revenue that was inline with expectations.
SINA Corp announced earnings per share of $0.38 on revenue of $491.19M. Analysts polled by Investing.com anticipated EPS of $0.38 on revenue of $491.19M.
SINA Corp shares are up 1% from the beginning of the year, still down 10.07% from its 52 week high of $44.99 set on January 13. They are under-performing the Nasdaq which is up 18.94% from the start of the year.
SINA Corp follows other major Technology sector earnings this month
SINA Corp's report follows an earnings beat by Adobe on September 15, who reported EPS of $2.57 on revenue of $3.23B, compared to forecasts EPS of $2.41 on revenue of $3.16B.
Oracle had beat expectations on September 10 with first quarter EPS of $0.93 on revenue of $9.37B, compared to forecast for EPS of $0.86 on revenue of $9.17B.
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