NEW YORK (TheStreet) -- Shares of Weibo (WB) were gaining 3.6% to $20.33 after-hours Thursday after the Chinese Internet company beat analysts' estimates for revenue in the third quarter results, and guided above estimates for the fourth quarter.
Weibo reported a loss of 1 cent a share for the third quarter, in-line with analysts' estimates for the quarter. The company said revenue grew 57.7% year over year to $84.13 million for the quarter, above analysts' estimates of $81.51 million for the quarter.
Looking to the fourth quarter Weibo said it expects revenue of $102 million to $105 million, above analysts' estimates of $100.55 million for the quarter.
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