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Weibo Corp. Q1 adjusted earnings Beat Estimates

Weibo Corp. (WB) released a profit for its first quarter that rose from the same period last year.

The company's earnings totaled $150.44 million, or $0.66 per share. This compares with $99.09 million, or $0.44 per share, in last year's first quarter.

Excluding items, Weibo Corp. reported adjusted earnings of $128.51 million or $0.56 per share for the period.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.1% to $399.18 million from $349.88 million last year.

Weibo Corp. earnings at a glance:

-Earnings (Q1): $128.51 Mln. vs. $112.64 Mln. last year.
-EPS (Q1): $0.56 vs. $0.50 last year.
-Analysts Estimate: $0.52
-Revenue (Q1): $399.18 Mln vs. $349.88 Mln last year.

Next quarter revenue guidance: $427 - $437 Mln

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