=Weibo (WB) reported earnings on Tue 16 May 17 (b/o)

Weibo ("Chinese Twitter") beats by $0.05, beats on revs; guides Q2 revs above consensus :

• Reports Q1 (Mar) earnings of $0.26 per share, $0.05 better than the Capital IQ Consensus of $0.21; revenues rose 67.0% year/year to $199.2 mln vs the $188.29 mln Capital IQ Consensus.
  • Monthly active users in March was 340 million, an increase of 30% year-over-year, 91% of which were mobile users.
  • Average daily active users in March 2017 was 154 million, an increase of 28% year-over-year.
• Co issues upside guidance for Q2, sees Q2 revs of $240-250 mln vs. $229.39 mln Capital IQ Consensus Estimate.