Leju Holdings (LEJU) Misses Q1 EPS by 5c, Beats on Revenues; Offers Soft Q2 Revenue Outlook

Leju Holdings (NYSE: LEJU) reported Q1 EPS of ($0.18), $0.05 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $68.3 million versus the consensus estimate of $64.15 million.

GUIDANCE:

Leju Holdings sees Q2 2017 revenue of $75-80 million, versus the consensus of $100.22 million.

Business Outlook

The Company estimates that its total revenues for the second quarter of 2017 will be approximately $75 million to $80 million, which would represent a decrease of approximately 49% to 53% from $158.3 million in the same quarter in 2016. This forecast reflects the Company's current and preliminary view, which is subject to change.

First Quarter 2017 Financial Highlights

• Total revenues decreased by 40% year-on-year to $68.3 million.
• Revenues from e-commerce services decreased by 56% year-on-year to $38.1 million.
• Revenues from online advertising services increased by 18% year-on-year to $25.8 million.
• Revenues from listing services decreased by 14% year-on-year to $4.4 million.
• Loss from operations was $46.3 million. Non-GAAP loss from operations was $41.8 million.
• Net loss attributable to Leju shareholders was $28.2 million, or $0.21 loss per diluted American depositary share ("ADS"). Non-GAAP net loss attributable to Leju shareholders was $24.2 million, or $0.18 loss per diluted ADS.

For earnings history and earnings-related data on Leju Holdings (LEJU) click here.

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