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

Article Stock Quotes (1) Comments (0)

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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%
• Natus Medical (BABY) Tops Q1 EPS by 4c; Nudges FY13 EPS Outlook Higher
• JA Solar Holdings (JASO) Posts Q1 Loss of 85c/ADS; Guides Shipments

Create E-mail Alert Related Categories

Earnings, Guidance, Hot Guidance, Mergers and Acquisitions

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?