58.com (WUBA) Tops Q4 EPS by 18c

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Go back to 58.com (WUBA) Tops Q4 EPS by 18c

58.com Reports Fourth Quarter And Fiscal Year 2014 Unaudited Financial Results

March 8, 2015 8:00 PM EDT

BEIJING, March 8, 2015 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online marketplace serving local merchants and consumers, today reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.

Fourth Quarter 2014 Financial Highlights

Total revenues were US$80.2 million, a 77.2% increase from the same period last year; exceeding guidance of US$74.5 to US$77.0 million. Gross margin was 94.3%, compared with 95.4% during the same quarter of 2013. Net income was US$3.2 million, a 70.2% decrease compared with US$10.8... More