-=58.com (WUBA) reported earnings on Mon 18 Nov 19 (a/h)

58.com beats by $0.13, beats on revs; sees Q4 revs +12-15% yr/yr

Reports Q3 (Sep) earnings of $0.96 per ADS, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $0.83; revenues rose 14.2% year/year to $602 mln vs the $589.12 mln S&P Capital IQ Consensus. Total number of paying business users was approximately 3.6 million in the third quarter of 2019, a 3.0% increase from the same quarter of 2018.

Based on the Company's current operations, total revenues for the fourth quarter of 2019 are expected to be between RMB4.05 billion and RMB4.15 billion. This represents a year-over-year increase of 12% to 15% in Renminbi.