Sina's third quarter will be very strong

Sina will release its third-quarter financial results for the 2013 fiscal year of November 12, 2013 after the close of the U.S. local time, Tuesday (Beijing time November 13). Wall Street predicts that Sina's third-quarter earnings will grow 143% per cent year-on-year.

Specifically, Wall Street expects Sina's third-quarter earnings to be diluted by 17 cents a year, compared with a 7 cents per share. Wall Street's expectations have not changed in the past one months, but have increased 2 cents compared to three months ago, when expectations were for 15 cents per share.

Wall Street expects Sina's third-quarter revenue to reach $178.6 million trillion, up 17% from 152.4 million dollars a year earlier. For the entire 2013 fiscal year, Wall Street expects revenue to reach $636.9 million trillion, with 8 cents per share.

Over the past four quarters, Sina's revenue has averaged 11% year-on-year gains. The biggest increase in the first quarter, revenue year-on-year growth of 19%. Currently, most Wall Street analysts (82%) give Sina shares a "buy" rating. By contrast, only 64% of analysts gave several other Chinese internet shares a "buy" rating.