Key Developments: SINA Corp (SINA.O)

SINA.O on Nasdaq

45.12USD
17 Sep 2014
Price Change (% chg)

$-0.23 (-0.51%)
Prev Close
$45.35
Open
$45.47
Day's High
$45.70
Day's Low
$45.01
Volume
1,077,556
Avg. Vol
2,019,054
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$92.83
52-wk Low
$42.40

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Latest Key Developments (Source: Significant Developments)

SINA Corp gives Q3 2014 revenue guidance in line with analysts' estimates
Thursday, 14 Aug 2014 05:00pm EDT 

SINA Corp:Estimates Q3 2014 non-GAAP net revenues to be between $193 million and $199 million.Q3 2014 revenue of $199 million - Thomson Reuters I/B/E/S.  Full Article

SINA Corp gives Q2 2014 revenue guidance below analysts' estimates
Wednesday, 21 May 2014 05:00pm EDT 

SINA Corp:Expects Q2 2014 non-GAAP net revenues to be between $177 million and $182 million, including advertising revenues to be between $152 million and $155 million and non-GAAP non-advertising revenues to be between $25 million and $27 million.Q2 2014 revenue of $198 million - Thomson Reuters I/B/E/S.  Full Article

SINA Corp raises Q1 2014 revenue guidance; gives Q1 2014 earnings guidance above analysts' estimates
Friday, 2 May 2014 04:30pm EDT 

SINA Corp:Estimates Q1 2014 total net revenues to be about $171 million, including advertising revenues of about $135 million and non-advertising revenues of about $36 million.Estimates Q1 2014 net loss attributable to SINA to be about $33 million, or $0.52 diluted net loss per share attributable to SINA.Estimates Q1 2014 Non-GAAP net income attributable to SINA to be about $11 million, or $0.15 diluted non-GAAP net income per share attributable to SINA.Q1 2014 revenues of $164 million, net income of $9 million and EPS of $0.13 - Thomson Reuters I/B/E/S.  Full Article

SINA Corp announces up to $500 mln share repurchase program
Friday, 11 Apr 2014 08:30am EDT 

SINA Corp:Board approved a new share repurchase program to repurchase its own ordinary shares with an aggregate value of up to $500 mln.Says it expects to fund the repurchase out of its existing cash balance.  Full Article

SINA Corp owned Weibo Corp's IPO expects to raise about $380 million-Economic Times
Monday, 7 Apr 2014 02:50am EDT 

Weibo Corp:Expects its initial public offering of 20 million American Depository Shares (ADS) to be priced at $17-$19 each, valuing the messaging service at about $1.66 billion-Economic Times.The IPO is expected to raise about $380 million at the top end of the expected price range.Weibo is owned by Sina Corp.  Full Article

SINA Corp gives Q1 2014 revenue guidance in line with analysts' estimates - Conference Call
Tuesday, 25 Feb 2014 08:00am EST 

SINA Corp:Sees Q1 2014 non-GAAP net revenue to be $162 mln - $167 mln.Q1 2014 revenues of $165 mln - Thomson Reuters I/B/E/S.  Full Article

SINA Corp Prices Offering of USD700 Million Convertible Senior Notes
Friday, 15 Nov 2013 04:41am EST 

SINA Corp announced the pricing of USD700 million in aggregate principal amount of convertible senior notes due 2018 (the notes). The Company has granted to one of the initial purchasers a 30-day option to purchase up to an additional USD100 million principal amount of notes solely to cover over-allotments, if any. The notes will be convertible into the Company's ordinary shares (ordinary shares), at the option of the holders, based on an initial conversion rate of 8.0841 of ordinary shares per USD1,000 principal amount of notes (which is equivalent to an initial conversion price of approximately USD123.70 per ordinary share and represents an approximately 45% conversion premium over the closing trading price of the Company's ordinary shares on November 14, 2013, which was USD85.31 per share). The notes will bear interest at a rate of 1.00% per year, payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2014. The notes will mature on December 1, 2018, unless previously repurchased or converted in accordance with their terms prior to such date. The Company plans to use $100 million of the net proceeds from the offering to concurrently repurchase its own outstanding ordinary shares. The remainder of the net proceeds of the offering will be used for general corporate purposes, including working capital needs and potential acquisition of complementary businesses.  Full Article

SINA Corp Announces Proposed Offering of USD600 Million Convertible Senior Notes
Wednesday, 13 Nov 2013 04:01pm EST 

SINA Corp announced that it proposes to offer up to USD600 million in aggregate principal amount of convertible senior notes due 2018 (the notes), subject to market conditions. The conversion rate and other terms of the notes have not been finalized and will be determined at the time of pricing of the offering. The Company intends to grant to the initial purchaser a 30-day option to purchase up to an additional USD90 million principal amount of notes solely to cover over-allotments, if any. The notes will be convertible into the Company's ordinary shares (ordinary shares), at the option of the holders, in integral multiples of USD1,000 principal amount, at any time prior to the close of business on the second business day immediately preceding the maturity date. The Company plans to use $100 million of the net proceeds from the offering to concurrently repurchase its own outstanding ordinary shares. The remainder of the net proceeds of the offering will be used for general corporate purposes, including working capital needs and potential acquisition of complementary businesses.  Full Article

SINA Corp Issues Q4 2013 Revenue Guidance Above Analysts' Estimates
Tuesday, 12 Nov 2013 04:45pm EST 

SINA Corp announced that for the fourth quarter of 2013, it expects non-GAAP net revenues be between $190 million and $194 million, including advertising revenues to be between $160 million and $162 million and non-GAAP non-advertising revenues to be between $30 million and $32 million. Non-GAAP net revenues and non-GAAP non-advertising revenues exclude the recognition of $4.7 million in deferred license revenues related to SINA's equity investment in E-House/CRIC. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $182 million for the fourth quarter of 2013.  Full Article

SINA Corp Issues Q3 2013 Revenue Guidance Above Analysts' Estimates
Monday, 12 Aug 2013 05:00pm EDT 

SINA Corp announced that for the third quarter of 2013, it expects non-GAAP net revenues to be between $176 million and $180 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $165 million for the third quarter of 2013.  Full Article

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Weibo second-quarter revenue doubles as ad sales jump

- Weibo Corp , the company behind China's biggest microblog by users, reported second-quarter revenue above analysts' expectations, helped by a surge in advertising sales.

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