The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SINA beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins dropped.
SINA reported revenue of $139.1 million. The 15 analysts polled by S&P Capital IQ looked for a top line of $136.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.13. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. Non-GAAP EPS of $0.13 for Q4 were 38% lower than the prior-year quarter's $0.21 per share. GAAP EPS of $0.03 for Q4 were 77% lower than the prior-year quarter's $0.13 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 57.0%, 250 basis points better than the prior-year quarter. Operating margin was 4.0%, 50 basis points worse than the prior-year quarter. Net margin was 1.7%, 530 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $120.4 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $610.7 million. The average EPS estimate is $0.82.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,119 members out of 1,235 rating the stock outperform, and 116 members rating it underperform. Among 301 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 271 give SINA a green thumbs-up, and 30 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 $65.49.
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