SINA (Nasdaq: SINA) reported earnings on Aug. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), SINA beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Gross margins contracted, operating margins shrank, net margins expanded.
SINA booked revenue of $131.6 million. The 16 analysts polled by S&P Capital IQ expected net sales of $129.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $119.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The 15 earnings estimates compiled by S&P Capital IQ forecast -$0.02 per share. GAAP EPS of $0.49 for Q2 were 227% higher than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.2%, 420 basis points worse than the prior-year quarter. Operating margin was 0.1%, 720 basis points worse than the prior-year quarter. Net margin was 25.3%, 1,690 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $151.0 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $547.5 million. The average EPS estimate is $0.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,131 members out of 1,244 rating the stock outperform, and 113 members rating it underperform. Among 277 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 245 give SINA a green thumbs-up, and 32 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SINA is outperform, with an average price target of $79.98.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend SINA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.