58.com reports Q2 EPS 55c, consensus 20c
Reports Q2 revenue $382.8M, consensus $337.2M. "We are excited to report that revenues significantly exceeded the higher end of our guidance during the quarter," the company's Chairman and CEO Michael Yao said. "Among all our categories, jobs continued to deliver the fastest year-over-year growth and increasingly accounts for a larger proportion of total revenues. While the housing market in tier one and two cities remains relatively soft, revenues from our housing category continue to show resilience by performing better than expected. We are making solid progress in developing new and innovative products across various categories. Our mobile app traffic continues to grow rapidly and is accounting for a larger portion of our total traffic."