Weibo Q1 2024 Adj EPS $0.41 Beats $0.36 Estimate, Sales $395.497M Beat $392.547M Estimate
Portfolio Pulse from Benzinga Newsdesk
Weibo (NASDAQ:WB) reported Q1 2024 adjusted EPS of $0.41, beating the $0.36 estimate. Sales were $395.497M, surpassing the $392.547M estimate. Both EPS and sales decreased compared to the same period last year.
May 23, 2024 | 9:03 am
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Weibo's Q1 2024 earnings and sales beat analyst estimates, but both metrics are down compared to the same period last year.
Weibo's earnings and sales surpassing analyst estimates is a positive indicator for the stock in the short term. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100