Investing.com - SINA Corp reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SINA Corp announced earnings per share of $0.25 on revenue of $432.4M. Analysts polled by Investing.com anticipated EPS of $0.09 on revenue of $386.8M. That with comparison to EPS of $0.4 on revenue of $472.53M in the same period a year before.SINA Corp had reported EPS of $1.17 on revenue of $590.71M in the previous quarter.Analysts are expecting EPS of $0.57 and revenue of $483.34M in the upcoming quarter.
SINA Corp shares are down 13% from the beginning of the year and are trading at $34.52 , down-from-52-week-high.They are under-performing the Nasdaq which is up 2.16% year to date.
SINA Corp follows other major Technology sector earnings this month
SINA Corp's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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