IPO Stock Watch: China’s 58.Com Up Ahead Of Earnings

By | May 19, 2014

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Known as the Craigslist of China, 58.com (WUBA) is slated to report first-quarter earnings before the market open Thursday. 58.com stock rose 1.6% on Monday, to 38.78. 58.com launched its IPO on Oct. 31, priced at 17 and rose 42% on its first day, raising $187 million. The consensus estimate among analysts polled by Thomson Reuters is for Q1 earnings per share minus items of 4 cents, swinging from a 5-cent loss in the year-earlier quarter. That Scalper1 News

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