Weibo Corp. (WB) reported a profit for its second quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $125.685 million, or $0.48 per share. This compares with $111.931 million, or $0.43 per share, last year.
Excluding items, Weibo Corp. reported adjusted earnings of $143.215 million or $0.54 per share for the period.
Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.6% to $444.798 million from $437.873 million last year.
Weibo Corp. earnings at a glance (GAAP) :
-Earnings: $125.685 Mln. vs. $111.931 Mln. last year.-EPS: $0.48 vs. $0.43 last year.-Revenue: $444.798 Mln vs. $437.873 Mln last year.
WB was up by 3.02% at $10.59 in the pre-market trade on the Nasdaq.
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