07.11.2013 09:27:28
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SouFun Holdings Q3 Profit Surges - Quick Facts
(RTTNews) - SouFun Holdings Ltd. (SFUN) Thursday posted a higher third-quarter profit, with a 45.4 percent increase in revenues, primarily driven by the growth in listing services and SouFun membership e-commerce services.
Net income attributable to SouFun's shareholders was $102.7 million or $1.22 per share, compared with $49.1 million or $0.61 per share last year.
Non-GAAP net income attributable to SouFun's shareholders was $96.6 million or $1.15 per share. On average, three analysts polled by Thomson Reuters expected the company to report earnings per share of $0.86 for the quarter. Analysts' estimates typically exclude one-time items.
SouFun reported total revenue of $185 million, up from prior year's $127.2 million. Analysts expected the company to generate revenues of $173.71 million for the quarter.
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