Why Weibo Stock Popped by Over 11% Today
One of China's largest and most important social media companies, (NASDAQ: WB), was a real hit with American investors on Thursday. The company's American Depositary Shares (ADSes) closed that trading session almost 11% higher in price, thanks to a very well-received quarterly earnings report. This made Weibo quite the outlier, as the S 500 (SNPINDEX: ^GSPC) essentially traded flat that day.
Reporting in U.S. dollars, Weibo said its second-quarter net revenue was just under $445 million, for a 2% year-over-year increase. Much of this derived from that classic social media revenue stream, advertising and marketing -- this also rose 2%, to slightly over $383 million. Value-added services went in the opposite direction, sinking by 2% to $61 million and change.
Image source: Getty Images.
Source Fool.com
Weibo Corp. ADR Aktie
Die Weibo Corp. ADR Aktie hat zu wenige Einschätzungen, um eine klare Tendenz abzulesen.
Die Community erwartet für Weibo Corp. ADR ein Kursziel von 12 €, was eine Steigerung von über 20% gegenüber 8.75 € bedeuten würde.
