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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Related Tickers

9/29/2016 4:02 PM
SFUN $4.51 Down -0.07 -1.53%
SouFun Holdings CAPS Rating: ****