Xinyuan Real Estate Co. (XIN) Tops Q2 EPS Views; Issues Strong Outlook; Buys Suzhou Parcel for $42.6M

August 10, 2012 8:22 AM EDT
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Xinyuan Real Estate Co. (NYSE: XIN) reported Q2 EPS of $0.94, $0.54 better than the analyst estimate of $0.40. Revenue for the quarter came in at $253.1 million versus the consensus estimate of $213.3 million.

Yesterday, August 9, 2012, the Company acquired a parcel of land In Suzhou with a total GFA of approximately 128,000 square meters at a cost of RMB270 million(US$42.6 million).

Sees Q3 2012 revenue of $225-$235 million, versus the consensus of $201.20 million.

Sees FY2012 revenue of $825-$845 million, versus the consensus of $771.30 million.

For earnings history and earnings-related data on Xinyuan Real Estate Co. (XIN) click here.

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