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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Weibo Corporation    WB

WEIBO CORPORATION

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Weibo : Shares Down 11% on 4Q Earnings, 1Q Forecast

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02/26/2020 | 07:05am EDT

By Chris Wack

 

Weibo Corp. shares fell 11% to $38.65 premarket after the company reported earnings that were below analysts' expectations.

The company reported fourth-quarter earnings of $95.1 million, or 42 cents a share, compared to $166.5 million, or 74 cents a share, in the same period a year ago. Analysts polled by FactSet were looking for 66 cents a share.

Adjusted for items, earnings came in at 77 cents a share. Analysts expected 72 cents a share.

Revenue came in at $468.1 million, compared to last year's $481.9 million and the $469.7 million analysts were expecting.

Weibo said advertising and marketing revenue fell 3% to $405.9 million and value-added service revenues fell 4% to $62.2 million.

The company said that in the first quarter its business has been significantly impacted by the coronavirus outbreak in China. Weibo said it sees first-quarter revenue down 15% to 20% year-over-year on a constant currency basis.

 

Write to Chris Wack at chris.wack@wsj.com

 

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Financials (USD)
Sales 2019 1 772 M
EBIT 2019 620 M
Net income 2019 554 M
Finance 2019 1 538 M
Yield 2019 -
P/E ratio 2019 13,7x
P/E ratio 2020 15,8x
EV / Sales2019 3,34x
EV / Sales2020 3,45x
Capitalization 7 451 M
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Technical analysis trends WEIBO CORPORATION
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 45,83  $
Last Close Price 33,06  $
Spread / Highest target 69,3%
Spread / Average Target 38,6%
Spread / Lowest Target 14,9%
EPS Revisions
Managers
NameTitle
Gao Fei Wang Chief Executive Officer
Guo Wei Chao Chairman
Fei Cao Chief Financial Officer & Vice President-Finance
Hong Du Director
Yong Zhang Director
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