— Weibo Corporation (NASDAQ: WB) reported Q4 2019 earnings of $0.77 per share, vs. $0.72 expected.
— Revenues fell 3% to $468.1 million, vs. $468.9 million expected.
— Advertising and marketing revenues fell 3% to $405.9 million.
— Value-added services revenue dropped 4% to $62.2 million.
— Monthly active users were 516 million in December 2019, reflecting an increase of around 54 million users year-over-year.
— Average daily active users were 222 million in December 2019, an increase of approx. 22 million users year-over-year.
— Q1 2020 revenues are expected to decrease by 15-20% year-over-year on a constant currency basis.
— WB shares were down over 10% in premarket hours on Wednesday.
Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted
Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,
CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,