On Tuesday, Shares of Weibo Corp (ADR) (NASDAQ:WB), included 7.34% and shut at $48.96 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $43.80 and $49.92. Weibo Corporation (“Weibo” or the “Company”) (WB), a leading social media in China, recently declared its unaudited financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Highlights
Net revenues raised 42% year over year to $176.9 million, surpassing the Company’s guidance between $168 million and $173 million.
Advertising and marketing revenue raised 48% year over year to $156.7 million.
Weibo Value-Added Services (“VAS”) revenue raised 7% year over year to $20.2 million.
Net income attributable to Weibo raised 122% year over year to $32.1 million, and diluted net income per share was $0.14, contrast to $0.07 for the same period last year.
Non-GAAP net income attributable to Weibo raised 147% year over year to $54.6 million, and non-GAAP diluted net income per share was $0.24, contrast to $0.10 for the same period last year.
Adjusted EBITDA raised 117% year over year to $57.7 million, reaching an adjusted EBITDA margin of 33%.
Monthly active users (“MAUs”) in September 2016 grew 34% year over year to 297 million, 89% of which were mobile users. Average daily active users (“DAUs”) in September 2016 grew 32% year over year to 132 million.
Shares of Emerson Electric Co. (NYSE:EMR), subtract -0.29% and shut at $54.35 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $53.92 and $54.90. The association’s commercial center capitalization is $35.13 Billion with the general uncommon loads of 642.78 million. Whether they’re craving cilantro-speckled guacamole or tangy ceviche that still tastes of the ocean, Northgate Markets is a destination for shoppers who want a foodie experience with every trip to the market. The bountiful options offer shoppers a bigger selection of fresh, healthy food—but create a dilemma for supermarkets like Northgate itself: What to do with the food scraps?
Food scraps are a natural and unavoidable result of freshly preparing food on-site, a trend that is rising among grocery stores. For Northgate Markets, these scraps add up quickly: Just one store in the southern California chain uses six cases of avocados each day to prepare guacamole and other fresh items. That’s nearly 300 avocado pits and skins that require disposal—somewhere other than a landfill, according to California legislation that went into effect in April.