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CLSA Downgrades 58. com Inc (WUBA) to Underperform

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UPDATE: Brean Capital Downgrades 58.com Inc (WUBA) to Hold

November 11, 2016 7:28 AM EST

(Updated - November 11, 2016 10:25 AM EST)

Brean Capital downgraded 58.com Inc (NYSE: WUBA) from Buy to Hold and removed its price target. The downgraded followed the release of Q3 results.

Analyst Fawne Jiang said, "WUBA reported mixed 3Q16 results with revenue missing... More

58.com (WUBA) Misses Q3 EPS by 13c

November 10, 2016 6:30 AM EST

58.com (NYSE: WUBA) reported Q3 EPS of ($0.21), $0.13 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $306.5 million versus the consensus estimate of $308.29 million.

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

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