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Los Angelas, CA -- (SBWIRE) -- 01/02/2013 -- SINA Corp (NASDAQ:SINA) shares gained 3.86% to $50.22. The company has announced a major restructuring of its business, attaching greater importance to its micro-blogging service Sina Weibo as competition from rivals heats up. The company has now made Weibo one of two major business divisions, consolidating functions that used to be scattered across different departments.
The company also reported third quarter adjusted net income of $0.17 per share, down from $0.26 per share in the previous year. The consensus estimate was for EPS of $0.11. Adjusted net revenues grew 18% to $147.69 million from $125.60 million in the same quarter last year, and topped the consensus estimate of $146.03 million.
SINA Corporation (SINA) is an online media company serving China and the global Chinese communities.
Can SINA Extend Rally? Find Out Here
Alpha Natural Resources, Inc. (NYSE:ANR) moved down -52.33% for 2012 and its monthly performance stands at +35.65%. The stock was up +84.47% from the 52 week low and was -58.87% below the 52 week high. Its latest closing price was +1.06% up from an average-price of 200 days while it kept its distance from the SMA 50 at +15.23% and +9.55% compared with the SMA 20.
Alpha Natural Resources (ANR), formerly known as Foundation Coal Holdings, is a United States-based coal company.
Can ANR Continue To Move Higher? Find out Here
Arch Coal Inc (NYSE:ACI) shares gained 4.27% and closed at $7.32. The Bureau of Land Management has posted its decision allowing Arch Coal Inc.’s West Elk coal mine in Somerset, Colo., to expand operations. The BLM posted its record of decision online last week. It expands federal coal leasing on 1,721 acres underlying national forest land adjacent to existing federal coal leases operated by the mine.
Arch Coal, Inc. (ACI) is a coal producer, the Company sold approximately 156.9 million tons of coal, including approximately 5.5 million tons of coal it purchased from third parties, representing roughly 14% of the United States coal supply.
How Should Investors Trade ACI Now? Find Out Here
EXCO Resources Inc (NYSE:XCO) shares fell 1.60% and closed at $6.77. The company, on Dec. 10, has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.04 per share scheduled for December 28, 2012. Shareholders who purchased XCO stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that XCO has paid the same dividend.
EXCO Resources (XCO) is oil and natural gas Company engaged in the exploration, exploitation, development and production of onshore oil and natural gas properties in East Texas, North Louisiana, Appalachia and the Permian.
How Should Investors Trade XCO After The Recent Volatile Moves? Find Out Here
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