Plus   Neg

Weibo Corp. Q2 adjusted earnings Beat Estimates

Weibo Corp. (WB) announced a profit for its second quarter that climbed from last year.

The company's profit came in at $140.91 million, or $0.62 per share. This compares with $73.55 million, or $0.33 per share, in last year's second quarter.

Excluding items, Weibo Corp. reported adjusted earnings of $156.13 million or $0.68 per share for the period.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 68.4% to $426.59 million from $253.37 million last year.

Weibo Corp. earnings at a glance:

-Earnings (Q2): $156.13 Mln. vs. $86.65 Mln. last year.
-EPS (Q2): $0.68 vs. $0.38 last year.
-Analysts Estimate: $0.66
-Revenue (Q2): $426.59 Mln vs. $253.37 Mln last year.

Next quarter revenue guidance: $465 - $475 Mln

For comments and feedback contact: editorial@rttnews.com

Follow RTT