58.com reports Q3 adjusted EPS 96c, consensus 82c
Reports Q3 revenue $602.0M, consensus $596.27M. CEO Michael Yao says: "On a non-GAAP basis, operating income and net income grew 21.3% and 20.7% year over year, respectively. We continue to solidify and expand our leading market position in all our core categories, especially for primary housing and other local services. Secondary housing and jobs continue to show substantial resilience despite challenging market conditions. We are confident in our horizontal platform and the diversified product and services it offers. We are also optimistic about the massive market opportunity and tremendous growth potential that China offers and will continue to invest in innovation and user engagement to further enhance our leading market position."