Weibo Corporation Q2 Loss Narrows - Quick Facts

(RTTNews) - Weibo Corporation (WB) posted second-quarter net loss attributable to ordinary shareholders of $15.4 million or $0.08 per share, narrower than $35.1 million or $0.24 per share in the prior year period.

Non-GAAP net loss narrowed to $4.9 million or $0.03 per share from $11.2 million or $0.08 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share. Analysts' estimates typically exclude special items.

Total net revenues for the latest second quarter rose to $77.32 million from $37.64 million in the prior year quarter, while five analysts expected revenues of $75.87 million for the quarter.

For the third quarter of 2014, Weibo estimates that its net revenues to be between $79 million and $82 million. Analysts currently expect third quarter revenue of $80.15 million.