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Weibo Corp. Q3 adjusted earnings Beat Estimates

Weibo Corp. (WB) revealed a profit for its third quarter that rose from last year.

The company's bottom line came in at $165.32 million, or $0.73 per share. This compares with $101.13 million, or $0.45 per share, in last year's third quarter.

Excluding items, Weibo Corp. reported adjusted earnings of $171.81 million or $0.75 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 43.8% to $460.17 million from $320.04 million last year.

Weibo Corp. earnings at a glance:

-Earnings (Q3): $171.81 Mln. vs. $115.19 Mln. last year.
-EPS (Q3): $0.75 vs. $0.51 last year.
-Analysts Estimate: $0.70
-Revenue (Q3): $460.17 Mln vs. $320.04 Mln last year.

Next quarter revenue guidance: $480 - $490 Mln

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