Weibo ADRs Touch New Record High

Weibo ADRs Touch New Record High

Weibo ADRs soared 23% intraday, touching their highest level ever, after the company reported Q1 non-GAAP net income jumped to $0.26 per share from $0.07 per share from a year ago, beating the $0.21 average estimate from analysts polled by Capital IQ. Net revenues climbed to $199.2 million from $119.3 million reported for the same period a year earlier. The Street estimate called for revenues of $188.3 million. For Q2, […]

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