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SouFun Q3 Beats on Revenue, EPS

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SouFun Holdings  (NYSE: SFUN  ) shares saw a nice boost today following the release of the Chinese real estate portal operator's Q3 results. For the quarter, revenue was $185 million, or almost 46% higher than the $127 million in the same period the previous year. Comprehensive net income more than doubled, landing at $106 million ($1.22 per diluted share) from the $49 million ($0.61) of Q3 2012.

Those numbers were significantly higher than analyst expectations of $173 million for revenue, and $0.89 for EPS.

SouFun also raised its total revenue guidance for fiscal 2013. It now believes top line will come in at $605 million to $615 million. It had previously projected $538 million to $548 million.

The firm's stock closed up by 11.3%, or $5.79, to $57.19 in trading today.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

5/5/2016 4:02 PM
SFUN $6.06 Down -0.34 +0.00%
SouFun Holdings Li… CAPS Rating: **