SINA reported in-line rev & EPS for Q3.......
SINA guiding rev for Q4 in-line with consensus....
So obviously this not what I was hoping for...thus stock further down in AH by another $3..total down $4.98....
However I do see some progress in their ER.......
SINA is showing Q/Q rev growth.....
SINA is also showing Q/Q EPS growth.....
SINA is improving Ad margin...Q/Q....which is extremely significant......
SINA is forecasting higher Q/Q growth for Q4 in Sales also......
SINA has not given EPS guidance for Q4......which may be revealed in CC and MAY be higher than 31 cent consensus.......
SINA is projecting 71% of its revenue from Ads....which is a good thing.......
SINA was negatively impacted in mobile rev...thanks to CHL pricing structure...which affected both top & bottom line......
If I was an analyst...I will give OK to Q3 ER means not good not bad mark to SINA Q3 ER & Guidance....let us see if any "real analyst agree with me or NOT".....which will be evident by their rating & target by open....
I will listen to SINA CC @ 8pm and will give my final summation in my 845AM post....
GE was the spoiler today by their sub-prime woes..which was obviously leaked in the last reg trading hour......they are offering 96 cents on the $...not bad...but still a surprise to market....
Markets are much stronger than last pronounced weakness...and is trying to form another base to move higher.....
My portfolio behaved like nasdaq down 1.1% but will gain further with my short position in C$...which was down today...but will know when my account is updated in AM......
No change in my portfolio:
AAPL,CMED,FMCN,SINA & RIMM......
Market weakness @ close hurt all the strong stocks and they ended red.........
Good luck for thursday....as we wait for Crude inventory report which is expected to show a drop of 700,000 barrel........
BLOG does not give buy or sell.
Saleem
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