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|||Net revenues increased 16% year-over-year to $53.7 million, exceeding the Companys previous guidance of between $47.5 million and 49.5 million.|
|||Advertising revenues increased 45% year-over-year to $29.5 million, exceeding the Companys previous guidance of between $26.0 million and $27.0 million.|
|||Non-advertising revenues declined 6% year-over-year to $24.2 million, exceeding the Companys previous guidance of between $21.5 million and $22.5 million.|
|||GAAP net income was $10.4 million, or $0.18 diluted net income per share.|
|||Non-GAAP net income* was $12.3 million, or $0.21 non-GAAP diluted net income per share.|
|* Non-GAAP measures are described below and reconciled to the corresponding GAAP measures in the section below titled Reconciliation of Non-GAAP to GAAP Results.|
For the second quarter of 2006, SINA reported net revenues of $53.7 million, compared to $46.1 million in the same period last year and $46.7 million last quarter.
The following information was filed by Sina Corp (SINA) on Wednesday, August 2, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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