SouFun Q4 Profit Declines, But Results Beat View; Lifts 2015 Revenue Outlook

(RTTNews) - SouFun Holdings Limited (SFUN) reported net income attributable to shareholders for the fourth quarter of $82.50 million, down from $112.09 million a year earlier. Earnings per ADS declined to $0.19 from $0.25 a year ago.

Excluding certain items, earnings per ADS for the quarter were $0.21, compared to $0.28 per ADS in the year-ago period. On average, analysts polled by Thomson-Reuters expected the company to report earnings of $0.13 per share for the quarter. Analysts' estimates typically exclude one-time items.

However, revenues for the quarter grew 3 percent to $222.97 million from $217.15 million last year and beat analysts' consensus revenue estimate of $207.20 million.

For fiscal 2015, the company raised its revenue outlook to a range of $773 million to $780 million from the prior range of $675.0 million to $688.0 million. Street expects the company to report revenues of $838.20 million.

In addition, SouFun declared a cash dividend of $1.00 per share on its ordinary shares. Five SouFun's American depositary shares represent one ordinary share. The cash dividend will be paid by March 31, 2015 to shareholders of record as of the close of business on March 13, 2015.