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Stock Market & Financial Investment News

News Breaks
August 22, 2014
08:26 EDTWUBA58.com downgraded to Underweight from Equal Weight at Morgan Stanley
As previously reported, Morgan Stanely downgraded 58.com to Underweight from Equal Weight. The firm expects 58.com's new large-scale marketing campaign to pressure margins near-term and recommends taking profits until there is improved visibility. Price target is $37.50.
News For WUBA From The Last 14 Days
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May 25, 2015
20:21 EDTWUBA58.com sees Q2 revenue $145M-$150M, consensus $121.96M
"We believe our investment in Ganji will enable us to gradually increase profitability further in the classifieds business. We will continue to invest heavily in mobile-based, closed-loop local online-to-offline services, such as 58 Home, which continues to gain popularity... We are currently increasing our sales and services head count, as there is still significant room for us to grow our customer base and revenue," said the company.
20:19 EDTWUBA58.com reports Q1 adjusted EPS (27c), consensus (25c)
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May 22, 2015
13:44 EDTWUBA58.com technical comments ahead of earnings
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