Weibo Q2 Adj EPS $0.53 Beats $0.51 Estimate, Sales $440.24M Miss $440.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Weibo (NASDAQ:WB) reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.51 by 3.92%. This is a 15.22% increase from the same period last year. However, the company's quarterly sales of $440.24 million missed the analyst consensus estimate of $440.94 million by 0.16%, marking a 2.20% decrease from last year.
August 24, 2023 | 9:20 am
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NEUTRAL IMPACT
Weibo's Q2 earnings beat estimates but sales missed, indicating mixed financial performance.
Weibo's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimates could offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100