Weibo Down As Costs And Expenses Rise

By | November 14, 2014

Scalper1 News

Shares of China microblogging service Weibo fell Friday, a day after the company reported rising costs and a bottom-line number that was merely in line, though its Q3 sales and Q4 sales outlook beat Wall Street expectations. Weibo (WB) stock was down more than 3% in afternoon trading in the stock market today, near 19. Weibo stock had been up 4% in after-hours trading on Thursday, after the company released its Q3 earnings report. Weibo debuted on Scalper1 News

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