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 Send to a Friend
Get Alerts XIN Hot Sheet
Price: $2.70 -1.82%

Today's EPS Names:
OKSB, BUSE, RPT, More
Trade XIN Now!
Join SI Premium – FREE
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Guidance, Mergers and Acquisitions

Related Entities

Earnings

Add Your Comment