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Sina sees third quarter sales falling 14% to $91 million

China Daily | Updated: 2009-09-02 08:05

Sina Corp, China's biggest Internet portal, forecast a record quarterly sales drop, citing a "challenging" online advertising market.

The company projected yesterday third-quarter sales will drop as much as 14 percent to $91 million, missing the $96 million median of nine analyst estimates compiled by Bloomberg.

The sales outlook is below what Shanghai-based Sina had expected, Chief Executive Officer Charles Chao said in a conference call, without specifying the previous forecast.

Sina sees third quarter sales falling 14% to $91 million

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