58.com (WUBA) Tops Q2 EPS by 26c

58.com (NYSE: WUBA) reported Q2 EPS of $0.15, $0.26 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $297.8 million versus the consensus estimate of $303.42 million.

Business Outlook

Based on the Company's current operations, total revenues for the third quarter of 2016 are expected to be between RMB2,030 million and RMB2,080 million, or US$304 million and US$311 million assuming an exchange rate of RMB6.68 to US$1.00, the average exchange rate in July 2016. This represents a year-over-year increase of 52% to 56% in RMB. These estimates reflect the Company's current and preliminary view, which is subject to change.

For earnings history and earnings-related data on 58.com (WUBA) click here.

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