SouFun Holdings Ltd (SFUN) Releases Earnings Results, Misses Expectations By $-0.10 EPS

SouFun Holdings Ltd (SFUN) reported quarterly earnings results on Thursday, Jun-2-2016. The company reported $-0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $-0.13. The company posted revenue of $204.60 million in the period, compared to analysts expectations of $187.80 million. The company’s revenue was up 62.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on SouFun Holdings Ltd. SouFun Holdings Ltd was Upgraded by Morgan Stanley to ” Overweight” on Mar 21, 2016.

SouFun Holdings Ltd closed down -0.1 points or -1.84% at $5.33 with 34,28,596 shares getting traded on Wednesday. Post opening the session at $5.43, the shares hit an intraday low of $5.33 and an intraday high of $5.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on and services for the real estate and home-related sectors in China. The Company’s Website contains contents covering more than 350 cities across China as well as Hong Kong Taiwan Singapore and Vancouver Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites including its Website its e-commerce transaction and payment platform and Website its financing platform. The Company’s service offerings include marketing services e-commerce services listing services and other value-added services.

SouFun Holdings Ltd

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