— 58.com Inc. (NYSE: WUBA), which operates online classifieds and listing platforms, reported adjusted earnings of $4.63 per ADS for the fourth quarter of 2019, versus $0.80 per ADS expected.
— Net income attributable to shareholders surged more than five-fold to RMB 2.61 billion or $374.1 million
— Total revenues increased 15% annually to RMB 4.16 billion or $595.7 million, vs. $587.26 million expected
— Membership revenues were relatively flat, compared to last year, while online marketing services revenues advanced 19%
— There were around 3.3 million paying customers in the fourth quarter of 2019, up 4.2% year-over-year
— Expects first-quarter 2020 revenues to be between RMB 2.16 billion and RMB 2.26 billion, representing 25-29% year-over-year decrease
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
