Revenue Update on Weibo Corp (ADR)(NASDAQ:WB)

Weibo Corp (ADR)(NASDAQ:WB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $212.748M. Analysts estimated a revenue of $206.580M. The revenues were 2.99% above the estimates. Earnings per share were $0.34. The reported EPS was above estimates by 21.43%. Analysts had estimated an EPS of $0.28.

Weibo Corp (ADR) (WB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.21% or 0.12 points. Due to strong positive momentum, the stock ended at $58.21, which is also near the day’s high of $58.79. The stock began the session at $58.09 and the volume stood at 17,98,812 shares. The 52-week high of the shares is $58.79 and the 52 week low is $14.1. The company has a current market capitalization of $12,351 M and it has 21,21,77,390 shares in outstanding.

Weibo Corporation is a social media platform for people to create distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).

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