|Bid||43.56 x 1800|
|Ask||43.71 x 1300|
|Day's Range||43.26 - 45.71|
|52 Week Range||42.70 - 112.03|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||17.30|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.77|
It's the most sensitive day of the year for China's internet, the anniversary of the bloody June 4 crackdown on pro-democracy protests at Tiananmen Square, and with under two weeks to go, China's robot censors are working overtime. Censors at Chinese internet companies say tools to detect and block content related to the 1989 crackdown have reached unprecedented levels of accuracy, aided by machine learning and voice and image recognition. "We sometimes say that the artificial intelligence is a scalpel, and a human is a machete," said one content screening employee at Beijing Bytedance Co Ltd, who asked not to be identified because they are not authorised to speak to media.
The so-called Twitter of China posted solid first-quarter results, but management expects slower sales growth in the next quarter.
The "Twitter of China" delivered respectable first-quarter results, but the revenue guidance for the next reporting period fell far short of Wall Street's expectations.
Weibo earnings for the first quarter of 2019 have WB stock falling hard on Thursday.Source: Shutterstock The bad news for WB stock today comes from Weibo's (NASDAQ:WB) outlook for the second quarter of 2019. The company is expecting revenue for the quarter to range from $427 million and $437 million. This is well outside of Wall Street's revenue estimate of $481.80 million for the period.Weibo reported earnings per share of 56 cents for the first quarter of the year. This is better than the company's earnings per share of 50 cents from the same time last year. It also comes in above Wall Street's earnings per share estimate of 52 cents for the quarter, but that couldn't stop WB stock from falling today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWeibo earnings for the first quarter of 2019 includes net income of $150.57 million. This is an increase over the company's net income of $98.71 million reported in the first quarter of 2018.The Weibo earnings report for the first quarter of the year also has operating income coming in at $123.07 million. Operating income reported by the Chinese microblogging website was $109.38 million for the same period of the year prior. * 6 Stocks to Buy for This Decade's Massive Megatrend Revenue reported in the Weibo earnings report for the first quarter of 2019 comes in at $399.18 million. That's up from the company's revenue of $349.88 million reported in the first quarter of the previous year. This also comes in above analysts' revenue estimate of $398.82 million for the period, but WB stock is still down.WB stock was down 12% as of noon Thursday. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Weibo Earnings: WB Stock Walloped by Q2 Outlook appeared first on InvestorPlace.
, a micro-blogging site, dropped more than $7.70, or 15%, to $43.45 Thursday on weak second-quarter revenue guidance. The social media company did, however, report a first-quarter profit beat. Weibo said it sees second-quarter net revenue between $427 million and $437 million, an increase of 7% to 10% year over year on a constant currency basis of RMB 6.90 to US$1.00 (vs. current RMB 6.92).
The social-media company Weibo, China’s version of Twitter, reported its slowest revenue growth since it went public five years ago and told investors to expect an even worse performance in the current quarter.
Chinese technology company SINA (NASDAQ: SINA ) reported quarterly earnings of 40 cents per share, which missed the analyst consensus estimate of 42 cents. This is a 14.89 percent decrease over earnings ...
Shares of Weibo Corp. plunged 14% toward a more than 2-year low in premarket trade Thursday, after the China-based social media company beat first-quarter profit expectations but provided second-quarter revenue outlook that was below analyst projections. Net income rose to $150.4 million, or 66 cents a share, from $99.1 million, or 44 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose to 56 cents from 50 cents, to beat the FactSet consensus of 53 cents. Revenue rose 14% to $399.2 million, just shy of the FactSet consensus of $399.5 million. Monthly active users increased about 13% to 465 million at the end of March. For the second quarter, the company expects revenue of $427 million to $437 million, compared with the FactSet consensus of $482.1 million. Weibo said its outlook reflects currency translation risks, and assumes an average exchange rate of 6.90 renminbi per dollar; the current rate is RMB 6.92. The stock, which is on track to open at the lowest price seen during regular-session hour since January 2017, has tumbled 25.3% over the past three months through Wednesday, while the Invesco Golden Dragon China ETF has lost 7.0% and the S&P 500 has gained 2.3%.
BEIJING , May 23, 2019 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China , today announced its unaudited financial results for ...
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Weibo Corp. (NASDAQ: WB ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 23, 2019 at 7:00 AM Eastern Time. To ...
Now it's time to check out three tech stocks that came through our screen today that growth investors might want to consider buying right now.
The struggles for Chinese-related stocks is very real, especially those based in China themselves. Most bounced attempts have been rejected quickly. This season's earnings releases have been met with heavy selling.
On Thursday, May 23, Weibo (NASDAQ: WB ) will release its latest earnings report. Decipher the announcement with Benzinga's help. Earnings and Revenue Weibo EPS is expected to be around 52 cents, according ...
Coin Rivet is pleased to announce that we have partnered with world-leading social media platforms WeChat and Weibo to give our global crypto and blockchain news and information service even more comprehensive reach. The exclusive partnership now means that millions of WeChat and Weibo users across Asia can access our up-to-the-minute news articles, in-depth features, easy-to-use guides and studio broadcasts. Weibo is a microblogging site launched across China in 2009 from where it grew to become one of the world’s biggest platforms, boasting more than 445 million users each month. Its sister site WeChat is a messaging, mobile payment and social media app developed by Tencent following its 2011 launch. It is now one of the largest standalone mobile apps The post Coin Rivet teams up with WeChat and Weibo appeared first on Coin Rivet.
How far off is Weibo Corporation (NASDAQ:WB) from its intrinsic value? Using the most recent financial data, we'll...
Weibo (WB) first-quarter 2019 results are likely to benefit from growth in user base, engagement levels and monetization opportunities owing to increased content on the platform.
Chinese Stocks are Getting CrushedWhat the heck happened? In the last month the CSI 300 is down 11.5%, much more than US indices (SPY) (QQQ). And on Friday some big Chinese ADRs got pounded on earnings with Baidu down 16% and Weibo down 10%. Look,