58.com Reports First Quarter 2016 Unaudited Financial Results

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Go back to 58.com Reports First Quarter 2016 Unaudited Financial Results

UPDATE: Brean Capital Starts 58.com Inc (WUBA) at Buy

June 3, 2016 6:45 AM EDT

(Updated - June 3, 2016 11:31 AM EDT)

Brean Capital initiated coverage on 58.com Inc (NYSE: WUBA) with a Buy rating and a price target of $65. Analyst Fawne Jiang sees opportunity given strong growth and future operating leverage.

"We believe WUBA offers attractive investment... More

58.com (WUBA) Tops Q1 EPS by 30c; Offers Strong Q2 Outlook

June 2, 2016 7:30 AM EDT

58.com (NYSE: WUBA) reported Q1 EPS of ($0.36), $0.30 better than the analyst estimate of ($0.66). Revenue for the quarter came in at $231.3 million versus the consensus estimate of $225.09 million.

GUIDANCE:

58.com sees Q2 2016 revenue of $296-303 million, versus the consensus of $288.0... More