SouFun Q4 Beats Estimates

The Chinese real estate portal posts figures that well exceed market expectations.

Eric Volkman
Eric Volkman
Feb 11, 2013 at 5:05PM
Technology and Telecom

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.