Weibo Posts Higher-than-Expected Q3 Profit

Weibo fell in extended trading on Monday even as the Chinese social media reported higher-than-estimated Q3 profit and revenue, and guided for upbeat revenue guidance. ADRs fell as much as 2%.

Non-GAAP EPS increased to $0.24 for the September quarter, from $0.10 for the year-ago period. That topped the $0.20 average estimate of analysts surveyed by Capital IQ. Q3 revenue increased 42% year-over-year to $176.9 million, above the analyst consensus of $173.4 million.

For Q4, Weibo estimates that its net revenue to be between $205 million and $210 million. Analysts had projected $197 million.

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