Sina Q2 Beats On Rising Ad Sales; Video Issue Remains

By | August 15, 2014

Scalper1 News

Sina (SINA) stock rose on Friday, a day after the Shanghai-based Web portal posted Q2 earnings that beat Wall Street estimates thanks to rising ad revenue and increasing sales from its Weibo subsidiary. Sina stock was up 4.5% in midday trading in thestock market today, near 50. However, shares of Weibo (WB), its Twitter-like microblog, were down 7% in midday trading Friday as the spinoff continued to stay in the red. Even with the rise, Sina stock Scalper1 News

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