Investing.com - Weibo (NASDAQ:WB) Corp reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Weibo Corp announced earnings per share of $0.595 on revenue of $451.5M. Analysts polled by Investing.com anticipated EPS of $0.5979 on revenue of $452.27M.
Weibo Corp shares are down 0.26% from the beginning of the year, still down 11.66% from its 52 week high of $52.33 set on January 13. They are under-performing the Nasdaq which is up 42.16% 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 Adobe on December 10, who reported EPS of $2.81 on revenue of $3.42B, compared to forecasts EPS of $2.66 on revenue of $3.36B.
Salesforce.com had beat expectations on December 1 with third quarter EPS of $1.74 on revenue of $5.42B, compared to forecast for EPS of $0.7488 on revenue of $5.25B.
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