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Asian Exotica "Crushed Velvet Interior" Riverboat Update:

Sina boosts second-qtr outlook; shares jump

Mon June 30, 2003 10:04 AM ET

NEW YORK, June 30 (Reuters) - Chinese Internet media company Sina Corp. SINA.O on Monday said that it expected second-quarter revenue and profit to significantly exceed its prior forecasts, sending its shares up 4 percent.

The Shanghai-based company said it expects revenues of between $24 million and $25 million, up from its previous forecast of between $19.6 million and $20.3 million.

 

It said earnings would reach 13 cents to 15 cents per share compared with the 8 cents to 9 cents it previously signaled.

 

Shares of Sina jumped 70 cents to $18.20 following the company statement.

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