Weibo Posts Loss In Line, Revenue Beats; Stock Up 3%

(RTTNews) - Weibo Corp (WB), a Chinese social media platform, Thursday reported third-quarter net loss to stockholders of $5.2 million or $0.03 per share compared with a loss of $5.3 million or $0.04 per share last year.

Excluding items, adjusted loss for the quarter was $0.01 per share compared with a loss of $0.03 per share a year ago.

Revenues for the quarter were up 58% at $84 million compared with $53.4 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.01 per share on revenues of $81.5 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects revenues of $102 million to $105 million, while analysts expect $105.6 million.