— 58.com Inc. (NYSE: WUBA) reported its third-quarter 2019 adjusted earnings of $0.96 per American Depositary Shares (ADS) versus $0.82 per ADS expected.
— Total revenues jumped by 17.4% to RMB4.26 billion ($602 million), exceeding the high end of the company’s guidance of RMB4.2 billion.
— The results were primarily driven by the increasing adoption and effectiveness of the company’s various online marketing services such as real-time bidding, priority listings and various other online marketing services.
— The total number of paying business users was about 3.6 million in the third quarter of 2019, a 3% increase from the same quarter of 2018.
— Looking ahead into the fourth quarter, total revenues are expected to be between RMB4.05 billion and RMB4.15 billion. This represents a year-over-year increase of 12% to 15% in the Renminbi.
— As of September 30, 2019, the company had cash and cash equivalents, term deposits, restricted cash and short-term investments of RMB9.49 billion ($1.34 billion).
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
