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Thursday, August 18, 2016

58.com beats (WUBA) reported earnings on Thur 8/18/16 (b/o)

** charts after earnings **

  







58.com beats by $0.29, misses on revs; guides Q3 revs below consensus :
  • Reports Q2 (Jun) earnings of $0.15 per share, $0.29 better than the Capital IQ Consensus of ($0.14); revs increase 86.7% YoY to $297.8 mln vs $302.3 mln consensus
  • Co issues downside guidance for Q3, sees Q3 revs of $304-311 mln vs. $343.04 mln Capital IQ Consensus Estimate.

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