An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
February 20, 2013 07:01 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O2pOiDBs8uw/
Sina Shares Rise 6% After Hours On Strong Q4 Earnings As It Promotes Former Cisco VP To CTO & Co-President
Despite investors' concerns over a slowing online advertising market in China, Sina's managed to post Q4 revenue that exceeded analysts' expectations, though its earnings fell 74 percent from a year earlier. Investors were encouraged by Sina's results, however, as the company's shares jumped six percent to $56.50 after hours. Sina's stock price has dropped 13.4 percent since the beginning of the fourth quarter, falling along the shares of peers like Baidu and Sohu.com due to a weaker economy.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O2pOiDBs8uw/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch