SouFun Holdings (SFUN) Misses Q1 EPS Views; Boosts FY16 Revenue Outlook

SouFun Holdings (NYSE: SFUN) reported Q1 EPS of ($0.23), $0.12 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $204.6 million versus the consensus estimate of $191.05 million.

GMV increased by 664% from $1.7 billion in the first quarter of 2015 to $12.7 billion in the first quarter. The following table shows GMV by quarter for the 3 months of 2016.

GUIDANCE:

SouFun Holdings sees FY2016 revenue of $1.149 billion, versus prior guidance of $1.060 billion and the consensus of $1.17 billion.

For earnings history and earnings-related data on SouFun Holdings (SFUN) click here.

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