8/31/2009 - SINA Corp. (NASDAQ:SINA) reported fiscal Q2 EPS of 29 cents, ex-items, and inline with the consensus estimates. Revenues for the quarter fell 1% year-over-year to $90.3 million, topping the consensus estimates of $88.1 million.

SINA's CEO Charles Chao said, "During the second quarter of 2009, we saw strong execution in our online advertising business in China, which grew 35% from the prior quarter. The sequential growth rate was faster than our typical seasonal adjustment and shows that we are able to take advantage of an economic rebound. While further improvement of our advertising business will depend on the depth and sustainability of the economic recovery in China, we are seeking opportunities in the current environment to play a more critical and expanded role to brand advertisers in China by leveraging SINA's leading online media platform, strong brand recognition and large, high-end user base."

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