====PRICE TARGET $55 25% GAIN======.
The company said adjusted earnings were 76 cents per share on revenue of $533 million. Wall Street expected earnings of 47 cents on revenue of $510.2 million.
Sina stock jumped 7.6%, near 40.45, during morning trading on the stock market today.
Advertising revenue for the second quarter dropped 5% to $433.6 million, the Sina earnings release said. Non-advertising revenue climbed 19% to $99.4 million.
The company said adjusted earnings were 76 cents per share on revenue of $533 million. Wall Street expected earnings of 47 cents on revenue of $510.2 million.
Sina stock jumped 7.6%, near 40.45, during morning trading on the stock market today.
Advertising revenue for the second quarter dropped 5% to $433.6 million, the Sina earnings release said. Non-advertising revenue climbed 19% to $99.4 million.