Weibo Corporation (NASDAQ:WB) is expected to report second quarter earnings results, before market open, on Monday 28th September 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.46 per share.
Looking ahead, the full year income are expected at $ 2.10 per share on the revenues of $ 1659.58 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 380.00 million ~ $ 400.00 million
Click Here For More Historical Outlooks Of Weibo Corporation
Previous Quarter Performance
Weibo Corporation came out with income for the first quarter of $ 0.30 per share, from the revenue of $ 323.39 million. The quarterly earnings contracted 46.43 percent while revenues dropped 18.99 percent compared with the same quarter last year.
Wall street analysts are predicting, WB to report 1Q20 income of $ 0.31 per share from revenue of $ 312.52 million. The bottom line results missed street analysts by $ 0.01 or 3.23 percent, at the same time, top line results outshined analysts by $ 10.87 million or 3.48 percent.
Stock Performance
On Friday, shares of Weibo Corporation has traded high as $ 34.44 and has cracked $ 32.51 on the downward trend, reaching $ 32.54 with volume of 1.75 million shares.
According to the previous trading day, closing price of $ 32.54, representing a 19.32 % increase from the 52 week low of $ 28.93 and a 37.82 % decrease over the 52 week high of $ 55.52.
The company has a market capital of $ 7.37 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Weibo Corporation will be hosting a conference call at 7:00 AM eastern time on 28th September 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.weibo.com
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company 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; and discovery products to help users discover content on its platform.
