Why Bilibili Shares Jumped 16% This Morning
Shares of Bilibili (NASDAQ: BILI) rose as much as 16.2% on Thursday morning, driven by an impressive earnings report. The China-based video sharing company's stock fell back to a 10.3% gain as of 11:30 a.m. EST.
Bilibili's fourth-quarter sales more than doubled, going from $288 million to $589 million. Adjusted net losses landed at $0.29 per diluted share, worsening from $0.15 per share in the year-ago quarter. Your average analyst would have settled for a deeper net loss of $0.33 per share on revenue near $551 million.
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Source Fool.com
