Weibo Q1 Adj EPS $0.47 Beats $0.43 Estimate, Sales $413.80M Miss $414.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Weibo reported Q1 adjusted earnings of $0.47 per share, beating the $0.43 estimate by 9.3%, but a 16.07% decrease YoY. Sales were $413.80M, missing the $414.35M estimate by 0.13% and a 14.61% decrease YoY.
May 25, 2023 | 9:01 am
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NEUTRAL IMPACT
Weibo's Q1 earnings beat estimates, but sales missed and both showed YoY decreases.
Weibo's Q1 earnings beat analyst estimates, which could have a positive impact on the stock. However, the sales miss and YoY decreases in both earnings and sales may offset any potential gains, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100