Weibo: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Weibo (NASDAQ:WB) reported its Q3 earnings results, beating estimated earnings by 1.79% with an EPS of $0.57. However, revenue was down $11.41 million from the same period last year. Last quarter, the company beat on EPS by $0.02, which was followed by a 8.83% drop in the share price the next day.

November 09, 2023 | 10:00 am
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Weibo's Q3 earnings beat estimates but revenue was down YoY. Last quarter's EPS beat led to a share price drop.
Weibo's earnings beat estimates, which is generally a positive signal. However, the company's revenue was down compared to the same period last year, which is a negative signal. Additionally, the last time the company beat earnings estimates, the share price dropped significantly the next day. This suggests that despite the earnings beat, investors may have concerns about the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100