Investing.com - Weibo Corp reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Weibo Corp announced earnings per share of $0.56 on revenue of $484.6M. Analysts polled by Investing.com anticipated EPS of $0.4451 on revenue of $472.53M.
Weibo Corp shares are down 28.99% from the beginning of the year and are trading at $22.00 , down-from-52-week-high.They are under-performing the Nasdaq which is down 22.78% 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 Tencent ADR on Wednesday, May 18, 2022, who reported EPS of $0.3552 on revenue of $20.02B, compared to forecasts EPS of $0.4734 on revenue of $21.81B.
Walt Disney had missed expectations on Wednesday, May 11, 2022 with second quarter EPS of $1.08 on revenue of $20.27B, compared to forecast for EPS of $1.19 on revenue of $20.05B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar