Leju Holdings (LEJU) Misses Q2 EPS by 15c, Beats on Revenues; Offers 3Q Revenue Outlook Well Below Consensus

Leju Holdings (NYSE: LEJU) reported Q2 EPS of ($0.31), $0.15 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $84.7 million versus the consensus estimate of $78.64 million.

Business Outlook

The Company estimates that its total revenues for the third quarter of 2017 will be approximately $85 million to $95 million, which would represent a decrease of approximately 48% to 54% from $183.3 million in the same quarter in 2016. This forecast reflects the \'Company\'s current and preliminary view, which is subject to change.

GUIDANCE:

Leju Holdings sees Q3 2017 revenue of $85-95 million, versus the consensus of $117.72 million.

Second Quarter 2017 Financial Highlights

Total revenues decreased by 41% year-on-year to $92.7 million.

• Revenues from e-commerce services decreased by 46% year-on-year to $63.7 million.
• Revenues from online advertising services decreased by 28% year-on-year to $24.8 million.
• Revenues from listing services decreased by 26% year-on-year to $4.2 million.

Loss from operations was $83.0 million, including goodwill impairment charge of $41.2 million. Non-GAAP[1] loss from operations was $37.4 million.
Net loss attributable to Leju shareholders was $87.3 million, including goodwill impairment charge of $41.2 million, or $0.64 loss per diluted American depositary share (\"ADS\"). Non-GAAP net loss attributable to Leju shareholders was $42.3 million, or $0.31 loss per diluted ADS.

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

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