Weibo Earnings, Revenue Top; Parent Sina Reports Strong Top-Line Growth

China internet companies Weibo (WB) and parent Sina (SINA) both reported fourth-quarter results before the market open Tuesday that largely topped estimates.

X Weibo, a social media company that has a Twitter-like platform, reported adjusted earnings of 64 cents per share, beating the consensus estimate of 58 cents, as polled by Zacks Investment Research. It reported revenue of $377.4 million, up 77% and topping views for $365 million.

Weibo shares jumped 5% before the opening bell on the...

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