SINA Sees Q1 Revenues Above View - Quick Facts

(RTTNews) - SINA Corporation (SINA) Friday said it currently projects first-quarter earnings of approximately $0.52 per share, with adjusted loss of about $0.15 per share.

Revenues are projected at approximately $171 million. Analysts, based on consensus, currently expect the company to report first-quarter earnings of $0.13 per share on revenues of $164.74 million.

Additionally, SINA said it's Internet Publication License and License for Online Transmission of Audio-Visual Programs will be revoked due to certain unhealthy and indecent content from third-parties or by users on its online portal.

The company has also received a notice from the Beijing Municipal Cultural Market Administrative Law Enforcement Unit, which imposed an administrative fine of 5,085,183 Chinese yuan, or $815 thousand on the company in connection with the content referred to above.