SouFun Backs FY Revenue Guidance

(RTTNews) - SouFun Holdings Limited (SFUN), a real estate Internet portal in China, Wednesday maintained its revenue guidance for 2015 at $843.4 million. Analysts look for revenues of $876.76 million.

The company's attributable net income for the third quarter plunged to $1.41 million from $60.99 million. Earnings per share were $0.02, compared to $0.68 last year.

Adjusted loss per ADS was $0.08, compared to earnings of $0.16 per ADS last year. On average, 10 analysts polled by Thomson Reuters expected earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $248.51 million from $190.53 million in the prior year. Analysts expected revenues of $248.45 million.

Total cost of revenues surged to $188.46 million from $48.83 million.