* Weibo Corp reported quarterly adjusted earnings of 31 cents per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of eleven analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 44 cents to 57 cents per share.
* Revenue rose 3.5% to $463.67 million from a year ago; analysts expected $455.09 million.
* Weibo Corp's reported EPS for the quarter was 34 cents.
* The company reported quarterly net income of $83.23 million.
* Weibo Corp shares had fallen by 11.4% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for Weibo Corp is $15.30 This summary was machine generated from LSEG data March 14 at 01:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 0.49 0.31 Missed
Sep. 30 2023 0.55 0.57 Beat
Jun. 30 2023 0.51 0.53 Beat
Mar. 31 2023 0.43 0.47 Beat
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