SINA Up 11% After Reporting Earnings

Shares of SINA

are up 11% after the company reported earnings yesterday. Net revenues grew 21% year over year to $133.4 million. Non-GAAP net revenues grew 23% year over year to $128.7 million, within the Company's guidance of between $128.0 million and $131.0 million. Advertising revenues grew 26% year over year to a historical high of $103.7 million, within the Company's guidance of between $103 million and $105 million. Non-advertising revenues grew 8% year over year to $29.7 million. Non-GAAP non-advertising revenues grew 11% year over year to $25.0 million, within the Company's guidance of between $25.0 million and $26.0 million.