58.com (WUBA) Announces Quarterly Earnings, Beats Estimates By $0.07 EPS
58.com (NASDAQ:WUBA) released its earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07, American Banking & Market News reports. The company had revenue of $64.60 million for the quarter, compared to the consensus estimate of $62.70 million.
58.com (NASDAQ:WUBA) opened at 50.59 on Thursday. 58.com has a one year low of $21.15 and a one year high of $58.89. The stock has a 50-day moving average of $50.7 and a 200-day moving average of $44.88. The company has a market cap of $4.120 billion and a P/E ratio of 147.11.
On a related note, analysts at Pacific Crest cut their price target on shares of 58.com from $58.00 to $55.00 in a research note on Friday, May 23rd. They now have an “outperform” rating on the stock.
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