58.com Reports Second Quarter 2016 Unaudited Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/20/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Brean Capital Cuts Price Target on 58.com (WUBA) to $57 Following Mixed 2Q
August 19, 2016 11:22 AM EDTBrean Capital maintained a Buy rating on 58. com Inc (NYSE: WUBA), and cut the price target to $57.00 (from $65.00), following the company's 2Q earnings report. WUBA reported 2Q16 revenue of $297.8mm, trailing consensus expectations of $302mm. Non-GAAP EPS was $0.15, exceeding the consensus estimate of a $0.12 loss by a solid margin on lower operating expenses across the board. The... More
