Investing.com - Weibo Corp reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Weibo Corp announced earnings per share of $0.46 on revenue of $450.15M. Analysts polled by Investing.com anticipated EPS of $0.4251 on revenue of $444.22M.
Weibo Corp shares are down 27% from the beginning of the year and are trading at $19.68 , down-from-52-week-high.They are under-performing the Nasdaq which is down 24.67% 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, August 17, 2022, who reported EPS of $0.2819 on revenue of $19.73B, compared to forecasts EPS of $0.3769 on revenue of $19.89B.
Walt Disney had beat expectations on Wednesday, August 10, 2022 with third quarter EPS of $1.09 on revenue of $21.5B, compared to forecast for EPS of $0.9733 on revenue of $20.99B.
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