{"id":28727,"date":"2014-08-19T10:11:47","date_gmt":"2014-08-19T14:11:47","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=28727"},"modified":"2014-08-19T10:11:47","modified_gmt":"2014-08-19T14:11:47","slug":"58-com-inc-adr-nysewubas-revenue-on-2q-may-stand-in-between-61-to-63-million","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/58-com-inc-adr-nysewubas-revenue-on-2q-may-stand-in-between-61-to-63-million-28727","title":{"rendered":"58. Com Inc (ADR) (NYSE:WUBA)&#8217;S Revenue On 2Q May Stand In Between $61 To $63 Million."},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/19\/2014 (wallstreetpr) \u2013 The Chinese online marketing company, <strong>58.com Inc (ADR) (NYSE:WUBA)<\/strong> reported climbing the maximum in the <a href=\"http:\/\/www.bloomberg.com\/news\/2014-08-18\/58-com-advances-on-second-quarter-revenue-outlook.html?cmpid=yhoo\" target=\"_blank\">three weeks<\/a> in the U.S. trading. The company will report its quarterly sales figures, which have beaten the estimated values as the online advertising growth moves up.<\/p>\n<p style=\"text-align: justify;\"><strong>58. Com\u2019s American Depositary Hiked 5.1%:<\/strong><\/p>\n<p style=\"text-align: justify;\">It pleased the news for the company as 58.com Inc (ADR) (NYSE:WUBA) &#8216;s American depositary receipts increased 5.1% in the NY, which signifies the highest upsurge since July 28. All the more, LightInTheBox Holdings, engaged in selling Chinese goods to the international customers advanced almost 9% to a 6-week high.<\/p>\n<p style=\"text-align: justify;\"><strong>Revenue Estimation Within $61 To $63 Million In 2Q:<\/strong><\/p>\n<p style=\"text-align: justify;\">The shareholders of 58.com Inc (ADR) (NYSE:WUBA), Goldman Sachs Group and Tencent Holding Ltd, in the month of May, reported that they expect the revenue to stay between $61 and $63 million. A senior analyst said that the fast-growing advertisement can eventually create a positive impact on the sales of the company.<\/p>\n<p style=\"text-align: justify;\">In fact, 58.com58.com Inc (ADR) (NYSE:WUBA) is not the only Chinese company posting better revenue estimation in the quarter, there are other 23 companies in Bloomberg&#8217;s index of Chinese stocks in the U.S who did the same. The senior analyst also said it would be wonderful for the customers to see significant expansion in the estimated values.<\/p>\n<p style=\"text-align: justify;\"><strong>Company Expecting Positive 2Q Result:<\/strong><\/p>\n<p style=\"text-align: justify;\">The company has scheduled its 2Q earnings release day on August 21, 2014 while LightInThe Box will disclose its earnings result on August 20. It will be quite interesting to see the sales forecast made by the company in June. In the month of May, 58.com Inc (ADR) (NYSE:WUBA) acknowledged that the 2Q revenue will march up by 74% compared to the last year&#8217;s revenue. However, it is predicted that the company may double up its online advertisement expenditure by the end of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/19\/2014 (wallstreetpr) \u2013 The Chinese online marketing company, 58.com Inc (ADR) (NYSE:WUBA) reported climbing the maximum in the three weeks in the U.S. [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":16327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[8087,4803,8102,4804],"stock_ticker":[],"class_list":["post-28727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-58-com-inc-adr","tag-58-com-inc-adr-nysewuba","tag-lightinthe-box","tag-nysewuba","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>58. 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