Sina (SINA +5.4%) pops despite a 61% drop in Q2 earnings on higher development and advertising...

|About: Sina Corporation (SINA)|By:, SA News Editor

Sina (SINA +5.4%) pops despite a 61% drop in Q2 earnings on higher development and advertising costs. Adjusted profit was better-than-expected, as core ad business improved and Weibo logs over 200M registered users, up more than 40% since April.