Although the first quarter performance exceeded expectations, micro-blog shares still fell 14%.

category:Internet
 Although the first quarter performance exceeded expectations, micro-blog shares still fell 14%.


In the first quarter of 2018, the net profit of sina micro-blog was US $98 million 710 thousand, compared with net profit of US $46 million 640 thousand in the same period last year. Sina micro-blogs operating profit in the first quarter of this year was US $109 million 400 thousand, compared with us $55 million 850 thousand in the same period last year. Meanwhile, Sina micro-blog announced that its revenue in the first quarter of 2018 was US $348 million 800 thousand, up from US $199 million 200 thousand in the same period last year. This data is also more than Wall Street analysts expected $342 million 400 thousand. In the regular trading on the Nasdaq stock market on Wednesday, Sina micro-blog shares closed at $109.82, down 14.2% from the previous trading date. In the after hours trading, the companys share price rose 1.97% to $111.98 as of the deadline. Sina micro-blogs first quarter performance was impressive. The first quarter revenue of the Chinese social media company increased by more than 3/4 over the same period last year, and its adjusted net profit almost doubled over the same period last year. However, even with an encouraging outlook for the future, micro-blog will not be able to satisfy investors who want growth. They obviously want better returns. In the past year, the companys share price has more than doubled, and its share price return time should also come. But most people agree that micro-blog will remain a worthy company in the foreseeable future. After this adjustment, micro-blogs stock price earnings ratio is 55 times. (Liu Chun) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 In the regular trading on the Nasdaq stock market on Wednesday, Sina micro-blog shares closed at $109.82, down 14.2% from the previous trading date. In the after hours trading, the companys share price rose 1.97% to $111.98 as of the deadline. Sina micro-blogs first quarter performance was impressive. The first quarter revenue of the Chinese social media company increased by more than 3/4 over the same period last year, and its adjusted net profit almost doubled over the same period last year. However, even with an encouraging outlook for the future, micro-blog will not be able to satisfy investors who want growth. They obviously want better returns. In the past year, the companys share price has more than doubled, and its share price return time should also come. But most people agree that micro-blog will remain a worthy company in the foreseeable future. After this adjustment, micro-blogs stock price earnings ratio is 55 times. (Liu Chun)