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JWard99

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JWard99

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Monday, 08/21/2017 5:50:09 AM

Monday, August 21, 2017 5:50:09 AM

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A strong 2Q beat for Chinese online-classifieds firm with revenue jumping 1/3 from a year earlier and core earnings up five-fold. Meanwhile, 58.com projects 3Q revenue growth of 25-30%, also easily above analysts' latest forecasts. The results could validate the 90% stock surge WUBA has seen in the US so far this year, reversing the slump seen of 2016. This will pop to $60
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