Weibo, China’s ‘Twitter,’Sees Q3 Users, Ads Jump

By | November 14, 2014

Scalper1 News

China microblogging service Weibo was swept higher late Thursday after the company reported Q3 sales, and gave Q4 revenue guidance, that beat Wall Street expectations. Weibo (WB) posted Q3 revenue of $84.1 million, up 58% from the year-earlier period. Analysts polled by Thomson Reuters had expected $81.5 million. China Web portal Sina (SINA), which owns most of Weibo, posted Q3 EPS and sales that edged analyst views, but its Q4 Scalper1 News

Scalper1 News