Sina Shares Slide After Wider-than-expected Loss

Sina Corp. shares fell in the extended session Wednesday after the Chinese online media company reported a wider-than-expected loss for the quarter. Sina shares declined 3.2% to $48.25 after hours. The company reported an adjusted loss of 4 cents a share on revenue of $198.7 million. Analysts surveyed by FactSet had forecast a loss of 3 cents a share on revenue of $197.5 million. On the other hand, U.S. shares of Weibo Corp. , which is owned by Sina, rose after hours as the company topped Wall Street expectations.