Weibo Q3 Adj EPS $0.57 Beats $0.56 Estimate, Sales $442.15M Miss $444.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Weibo (NASDAQ:WB) reported Q3 earnings of $0.57 per share, beating the analyst consensus estimate of $0.56 by 1.79%. This is a 14% increase from the same period last year. However, the company's quarterly sales of $442.15 million missed the analyst consensus estimate of $444.01 million by 0.42%, marking a 2.52% decrease from the same period last year.
November 09, 2023 | 9:15 am
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Weibo's Q3 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 indicate potential challenges in revenue generation, which might negatively impact the stock in the short term. The net effect could be neutral.
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