Investing.com - Weibo Corp reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weibo Corp announced earnings per share of $0.83 on revenue of $616.29M. Analysts polled by Investing.com anticipated EPS of $0.8303 on revenue of $610.12M.
Weibo Corp shares are down 11.49% from the beginning of the year and are trading at $27.42 , down-from-52-week-high.They are outperforming the Nasdaq which is down 12.1% from the start of the year.
Weibo Corp follows other major Communication Services sector earnings this month
Weibo Corp's report follows an earnings missed by Meta Platforms on Wednesday, February 2, 2022, who reported EPS of $3.67 on revenue of $33.67B, compared to forecasts EPS of $3.84 on revenue of $33.37B.
Walt Disney had beat expectations on Wednesday, February 9, 2022 with first quarter EPS of $1.06 on revenue of $21.82B, compared to forecast for EPS of $0.7369 on revenue of $20.27B.
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