Update: Weibo Shares Fall Following Q4 Non-GAAP Earnings Miss

MT Newswires Live02:39

(Updates with latest share price movement in the headline and first paragraph.)

Weibo (WB) shares were down about 11% in Wednesday afternoon trading after its Q4 non-GAAP earnings fell short of analysts' expectations.

The company reported Q4 non-GAAP earnings earlier Wednesday of $0.25 per diluted share, down from $0.40 a year earlier.

Analysts surveyed by FactSet expected $0.32.

Net revenue for the quarter ended Dec. 31 was $473.3 million, up from $456.8 million a year earlier.

Analysts surveyed by FactSet expected $444.8 million.

Weibo set an annual cash dividend of $0.61 per American depositary share for holders of record as of April 17.

Price: 8.63, Change: -1.04, Percent Change: -10.75

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