Investing.com - Weibo Corp reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Weibo Corp announced earnings per share of $0.50 on revenue of $453.56M. Analysts polled by Investing.com anticipated EPS of $0.53 on revenue of $478.04M.
Weibo Corp shares are down 52.19% from the beginning of the year and are trading at $14.81 , down-from-52-week-high.
Weibo Corp follows other major Communication Services sector earnings this month
Weibo Corp's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.26 on revenue of $71B.
Tencent ADR had beat expectations on Tuesday with third quarter EPS of $0.4669 on revenue of $19.79B, compared to forecast for EPS of $0.4463 on revenue of $20.14B.
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