Leju Holdings (LEJU) Tops Q3 EPS by 11c, Beats on Revenues; Q4 Revenue Guidance Below Consensus

Leju Holdings (NYSE: LEJU) reported Q3 EPS of ($0.14), $0.11 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $85.2 million versus the consensus estimate of $92 million.

Business Outlook

The Company estimates that its total revenues for the fourth quarter of 2017 will be approximately $90 million to $100 million, which would represent a decrease of approximately 5% to 14% from $104.9 million in the same quarter in 2016. This forecast reflects the Company's current and preliminary view, which is subject to change.

Third Quarter 2017 Financial Highlights

• Total revenues decreased by 48% year-on-year to $95.2 million.
  • Revenues from e-commerce services decreased by 57% year-on-year to $61.8 million.
  • Revenues from online advertising services decreased by 11% year-on-year to $30.0 million.
  • Revenues from listing services decreased by 42% year-on-year to $3.4 million.
• Loss from operations was $29.3 million. Non-GAAP1 loss from operations was $24.9 million.
• Net loss attributable to Leju shareholders was $23.1 million, or $0.17 loss per diluted American depositary share ("ADS"). Non-GAAP net loss attributable to Leju shareholders was $19.2 million, or $0.14 loss per diluted ADS.

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

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