Weibo Corp. (WB) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $106.96 million, or $0.41 per share. This compares with $49.44 million, or $0.19 per share, last year.
Excluding items, Weibo Corp. reported adjusted earnings of $119.53 million or $0.45 per share for the period.
Analysts on average had expected the company to earn $0.38 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.3% to $396.86 million from $395.50 million last year.
Weibo Corp. earnings at a glance (GAAP) :
-Earnings: $106.96 Mln. vs. $49.44 Mln. last year.
-EPS: $0.41 vs. $0.19 last year.
-Revenue: $396.86 Mln vs. $395.50 Mln last year.
For comments and feedback: editorial@rttnews.com