U.S. shares of Sina Corp. rose in the extended session Monday while Weibo Corp. shares weakened after the Chinese online media companies topped Wall Street estimates. Sina shares rose 3.5% to $69.65 after hours, while Weibo shares shed 2.2% to $44.60. Sina reported adjusted third-quarter earnings of 56 cents a share on revenue of $274.9 million. Analysts surveyed by FactSet had forecast earnings of 37 cents a share on revenue of $265.7 million. Weibo, which is majority owned by Sina, reported adjusted earnings of 24 cents a share on revenue of $176.9 million. Analysts expected earnings of 17 cents a share on revenue of $173.4 million. Weibo said it expects fourth-quarter revenue of $205 million to $210 million, while analysts estimate $197.2 million.
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