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SINA jumps 12% post earnings!

posted Mar 22, 2012, 10:20 PM by Mohit Kumar
After being under pressure for quite some time, SINA made a comeback with a rise of over 12%, as a post earnings reaction!

The earnings were not spectacular really and mostly in line with expectations with a revenue of just over $128 million. In fact, the guidance for next quarter is lower than consensus estimates. What possibly attracted investors though is the news that the Twitter alike Weibo service is likely to start generating revenue for SINA in later part of the year. The revenue prospects from display advertisements and other services could be promising. However, government regulations can downplay these advantages which continues to make SINA a risky investment. However, if Weibo does kick off in a growing internet market, SINA could go big from here!

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