Investing.com - Weibo Corp reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Weibo Corp announced earnings per share of $0.57 on revenue of $458.9M. Analysts polled by Investing.com anticipated EPS of $0.4786 on revenue of $431.37M.
Weibo Corp shares are up 16.88% from the beginning of the year and are trading at $47.91 , down-from-52-week-high.They are outperforming the Nasdaq which is up 6.7% from the start of the year.
Weibo Corp follows other major Technology sector earnings this month
Weibo Corp's report follows an earnings beat by Apple on Wednesday, April 28, 2021, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.
Microsoft had beat expectations on Tuesday, April 27, 2021 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.
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