Tuesday, October 26, 2004

Sina's stock jumps 20% after revenue forcast today!

SAN FRANCISCO, Oct 26 (Reuters) - Chinese Internet media leader Sina Corp. (SINA.O: Quote, Profile, Research) on Tuesday posted a higher quarterly net profit and revenue, as it tried to diversify its revenue away from mobile phone-based services.
Shares in Sina jumped more than 22 percent in after-hours trading, on Sina's revenue forecast that topped Wall Street's targets
Sina had a third-quarter net profit of $14.5 million, or 27 cents a share, up from its profit of $11.7 million, or 21 cents a share, a year ago.


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