Revenue Update on SouFun Holdings Ltd(NYSE:SFUN)

SouFun Holdings Ltd(NYSE:SFUN) 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 $250.13M. Analysts estimated a revenue of $296.46M. The revenues were $-46.33M or NaN% below the estimates. Earnings per share were $-0.03. The reported EPS was above estimates by $0.02 or 40.00%. Analysts had estimated an EPS of $-0.05.

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

SouFun Holdings Ltd (SFUN) made into the market gainers list on Tuesdays trading session with the shares advancing 0.35% or 0.01 points. Due to strong positive momentum, the stock ended at $2.9, which is also near the day’s high of $3.06. The stock began the session at $2.94 and the volume stood at 91,21,603 shares. The 52-week high of the shares is $7.52 and the 52 week low is $2.8. The company has a current market capitalization of $1,360 M and it has 46,89,92,610 shares in outstanding.

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 www.fang.com 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 www.jiatx.com Website its e-commerce transaction and payment platform and its.txdai.com Website its financing platform. The Company’s service offerings include marketing services e-commerce services listing services and other value-added services.

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