SouFun Q4 Beats Estimates

China-based real estate portal SouFun (NYSE: SFUN  ) has beaten what the market expected in its Q4 and 2012 results. For the quarter, the company took in $148 million in revenue, which was just under 30% higher than the same period the previous year. Non-GAAP net income grew 66% to $65 million ($0.79 per diluted share). Both results handily beat the average analyst expectations of $138 million on the top line and $0.62 in EPS.

For fiscal 2012, revenue advanced 25% on a year-over-year basis to $430 million. Net income grew by 41%  to $174 million ($2.13 diluted EPS).

Looking forward, SouFun said that it expects fiscal 2013 revenue to come in at approximately $520 million. The company did not provide any profit forecasts.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2248715, ~/Articles/ArticleHandler.aspx, 4/19/2014 8:40:18 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement