Revenue Update on Leju Holdings Ltd (ADR)(NYSE:LEJU)

Leju Holdings Ltd (ADR)(NYSE:LEJU) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 28, 2016. Company reported revenue of $183.30M. Analysts estimated a revenue of $174.10M. The revenues were $9.20M or 5.29% above the estimates. Earnings per share were $0.17. Analysts had estimated an EPS of $0.17.

In a different note, On Aug 31, 2016, JP Morgan said it Assumes its rating on Leju Holdings Ltd (ADR). The shares have been rated ‘Neutral’ by the firm.

Leju Holdings Ltd (ADR) (LEJU) shares turned negative on Tuesdays trading session with the shares closing down -0.12 points or -2.82% at a volume of 2,33,872. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.48. The peak price level was also seen at $4.48 while the days lowest was $4.06. Finally the shares closed at $4.14. The 52-week high of the shares is $6.03 while the 52-week low is $3.28. According to the latest information available, the market cap of the company is $560 M.

Leju Holdings Limited is an online-to-offline (O2O) real estate services provider in China. The Company offers real estate e-commerce online advertising and online listing services through its online platform which consists of local Websites covering over 250 cities and various mobile applications. It integrates its online platform with complementary offline services to facilitate residential property transactions. In addition to its own Websites the Company also operates various real estate and home furnishing Websites of SINA Corporation and Baidu Inc.. Its O2O services for new residential properties include selling discount coupons and facilitating online property viewing physical property visits and pre-sale customer support. The Company offers fee-based online property listing services to real estate agents and free services to individual property sellers. The Company’s offline services include physical property visits and a call center.

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