Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese real-estate listing expert SouFun Holdings
So what: SouFun's first quarter wasn't half bad as earnings nearly doubled year-over-year to $0.09 per depositary share on 54% higher sales. Moreover, management upped its revenue guidance for 2011 to match analyst estimates more closely. Bad news? Not here.
Now what: Then again, SouFun shares have been on an absolute tear lately with 30% gains in the last month before this report. That made American counterpart LoopNet
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