What to Watch When SINA Reports Earnings
Shares of Chinese internet company SINA (NASDAQ: SINA) have delivered terrific gains of over 60% on the stock market so far this year. The company's rapid financial growth has been the driving factor behind its rally in 2017, piquing the interest of investors looking for high-growth stocks. But will SINA be able to extend this momentum and keep investor confidence intact after reporting its fiscal second-quarter results on Aug. 9? Let's take a look.
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Wall Street analysts expect SINA to earn $0.57 per share on revenue of $339 million during the second quarter. By comparison, the company had made $0.27 per share in the prior-year period on revenue of $241 million, indicating that the internet specialist is set for outstanding growth once again.
Source: Fool.com
