Boston, MA, 02/26/2014 (usastockreport) – SINA Corp (NASDAQ:SINA)‘s in line fourth quarter results and Weibo IPO buzz failed to spike interest in its investors, as the China’s internet giant was down nearly 10% in the previous year’s trading session. On a detailed evaluation of Sina’s Q4 report indicates that its better performance in the reported quarter was largely driven by ad sales revenue of its Weibo unit. The company reported a 45% increase in its ad revenue to $160.1 million, among which Weibo’s ad revenue contribution stands tall at $56 million. However, even as Weibo ad sales grew 163% year-over-year, it comes short on Deutsche’s projection. Apart from this, SINA Corp (NASDAQ:SINA) is also reported to plan a spin-off of Weibo, in order to raise $500 million through running its IPO in the second quarter of the year. But, the buzz did not go down well with the investors so far.
Oracle Corporation (NYSE:ORCL)‘s Real Application testing has enabled CSX Corporation to upgrade its 400 Oracle database infrastructure. The upgradation went two times faster than its previous upgrade, that too without disrupting the business continuity and through minimal risk. CSX, a premier transportation company, opted for Oracle Real Application Testing to reorganize its upgradation process and achieve continuity of business. Oracle Corporation (NYSE:ORCL)’s Real Application Testing tool assisted CSX to fully evaluate the effect of infrastructure changes and resolve queries before complete deployment.
The fourth quarter reports of Best Buy Co., Inc. (NYSE:BBY) is slated to be revealed on Thursday, February 27, 2014. The consumer-electronics retailer set a pessimistic outlook last month after it reported declining same-store holiday sales by 0.08% due to the presence of fierce competition during the season. Ahead of the earnings, analysts have tagged their revenue estimate at $14.7 billion, reduced by 12.3% from the previous year’s figure and EPS estimate of $1.01 per share. European business unit sale and the stores closures led to the lowered estimates.