Why Bilibili Stock Was a Winner Today
Bilibili (NASDAQ: BILI) shares eked out a win on the stock market Thursday, rising to close 1.3% higher while the S&P 500 index booked a less than 1% rise. The reason why was simple -- the China-based tech company posted quarterly earnings that exceeded analysts' bottom-line expectations. For its first quarter, Bilibili earned 5.1 billion yuan ($718 million) in revenue, which was marginally higher than its take in the same period of 2022.