Form 6-K 58.com Inc. For: Jun 02
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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 EDT58.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
