WB: Preannounced Strong 3Q17 Results; Making Upward Adjustments Accordingly; Maintain Buy Rating
WB will report 3Q17 results on Tuesday, November 7th before the market opens with a 6am EST conference call. WB preannounced its 3Q17 results, with revenue at $320.0M and non-GAAP net income at $115.2M. As such, we are making adjustments to our model based on the 3Q preannouncement. Based on our data and calculations for 4Q17, we believe WB may provide guidance close to $369.5M, significantly better than consensus at $337.5M as the Street has not been adjusted to reflect this preannouncement. We maintain our Buy rating.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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