Weibo Delivers Second-Quarter Sales and Earnings Beat

Chinese social-media company Weibo (NASDAQ: WB) reported second-quarter earnings before the market opened on Aug. 9 and delivered results that were better than Wall Street's expectations and its own guidance.

Non-GAAP = adjusted.

The average analyst estimate based on data from Fiscal Times called for earnings per share of $0.36 and sales of $246.3 million, while Weibo's sales target called for second-quarter sales between $240 million and $250 million -- so the company's actual performance came in significantly better than expectations.

Source: Fool.com