Weibo (NASDAQ:WB) reported its Q3 earnings results on Thursday, November 9, 2023 at 04:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Weibo beat estimated earnings by 1.79%, reporting an EPS of $0.57 versus an estimate of $0.56.
Revenue was down $11.41 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 8.83% drop in the share price the next day.
Here’s a look at Weibo’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.51 | 0.43 | 0.52 | 0.51 |
| EPS Actual | 0.53 | 0.47 | 0.75 | 0.50 |
| Revenue Estimate | 440.94M | 414.35M | 448.69M | 470.27M |
| Revenue Actual | 440.24M | 413.78M | 448.00M | 453.56M |
To track all earnings releases for Weibo visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
