SINA (SINA $58.95 +7.27) reported a first quarter loss of $0.21 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of ($0.23). Revenues rose 1.3% year over year to $101.5 million vs the $105.5 million consensus. The Company issued guidance for the second quarter, seeing revenues of $126-129 million, which may not be comparable to the $132.62 million Capital IQ Consensus Estimate; with advertising revenues to be between $103 million and $105 million, representing a year over year increase of 12-14%, and non-GAAP non-advertising revenues to be between $23 million and $24 million, representing a year over year increase of 2-7%. Non-GAAP net revenues and non-GAAP non-advertising revenues exclude the recognition of $4.7 million in deferred license revenue related to SINA's equity investment in CRIC.






