58.com to Attend Upcoming Conferences in August and September 2015
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58.com (WUBA) Seen as Opportunity at Pacific Crest, PT Reduced
August 21, 2015 7:28 AM EDTPacific Crest maintained an Overweight rating on 58.com Inc (NYSE: WUBA) and lowered its price target to $65.00 (from $91.00). The change follows Q2 results. Analyst Cheng Cheng called the stock a "compelling opportunity."
"With strong business momentum, improving margins in the core business, optionality around high spending areas like 58Home... More
58.com (WUBA) Posts Q2 Loss of 19c/ADS
August 20, 2015 6:30 AM EDT58.com (NYSE: WUBA) reported Q2 EPS of ($0.19), $0.27 better than the analyst estimate of ($0.46). Revenue for the quarter came in at $159.5 million versus the consensus estimate of $149.46 million.
Business Outlook
Based on the Company's current operations, total revenues for the third quarter of... More
