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Weibo rallies ahead of earnings

Mar. 10, 2015 2:22 PM ETWeibo Corporation (WB)WBBy: Eric Jhonsa, SA News Editor
  • In spite of a broad equity selloff, Weibo (WB +3.2%) is posting solid gains ahead of this afternoon's Q4 report. Volume (863K shares) is easily above a 3-month daily average of 483K.
  • The Chinese microblogging leader remains down 24% from where it traded before beating Q3 revenue estimates and offering above-consensus Q4 guidance on Nov. 13. Concerns about declining Chinese microblogging activity (though Weibo is taking share from rivals) amid competition from Tencent's WeChat and other platforms have weighed on shares.

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