Investing.com - Weibo Corp reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Weibo Corp announced earnings per share of $0.79 on revenue of $574.5M. Analysts polled by Investing.com anticipated EPS of $0.6304 on revenue of $521.48M.
Weibo Corp shares are up 13.08% from the beginning of the year and are trading at $46.35 , down-from-52-week-high.They are under-performing the Nasdaq which is up 13.72% 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 Tuesday, July 27, 2021, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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