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58.com Inc. (WUBA) Broke Out To A New High On Q3 Results

58.com Inc. (WUBA) reported third quarter non-GAAP earnings per ADS of $0.49 Monday morning, which topped the consensus estimate of $0.28.

58.com climbed for the bulk of the morning Monday, before settling into a range. The stock closed up by 4.14 at $73.00 on above average volume. 58.com surged past resistance and set a new high for the year.

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