Weibo Corporation (WB) Announces Quarterly Earnings, Meets Expectations
Weibo Corporation (NYSE:WB) issued its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03), American Banking News reports. The company had revenue of $77.30 million for the quarter, compared to the consensus estimate of $75.87 million.
Weibo Corporation (NYSE:WB) traded up 5.61% on Thursday, hitting $21.46. 1,870,040 shares of the company’s stock traded hands. Weibo Corporation has a 52 week low of $16.26 and a 52 week high of $24.48. The stock’s 50-day moving average is $19.77 and its 200-day moving average is $19.54. The company’s market cap is $4.449 billion.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Weibo Corporation in a research note on Thursday, July 24th. They set a “buy” rating and a $22.60 price target on the stock. On the ratings front, analysts at ISI Group initiated coverage on shares of Weibo Corporation in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock. Finally, analysts at Tigress Financial initiated coverage on shares of Weibo Corporation in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Weibo Corporation presently has an average rating of “Buy” and an average price target of $19.75.
Weibo Corporation (NYSE:WB) is a social media platform for people to create, distribute and discover Chinese-language content.
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