Weibo Corp. (WB) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $8.87 million, or $0.04 per share. This compares with $83.22 million, or $0.34 per share, last year.
Excluding items, Weibo Corp. reported adjusted earnings of $106.59 million or $0.40 per share for the period.
Analysts on average had expected the company to earn $0.39 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.5% to $456.83 million from $463.67 million last year.
Weibo Corp. earnings at a glance (GAAP) :
-Earnings: $8.87 Mln. vs. $83.22 Mln. last year.
-EPS: $0.04 vs. $0.34 last year.
-Revenue: $456.83 Mln vs. $463.67 Mln last year.
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