Fang Holdings (SFUN) Misses Q4 EPS by 2c, Revenues Miss

Fang Holdings (NYSE: SFUN) reported Q4 EPS of $0.02, $0.02 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $82.2 million versus the consensus estimate of $87.53 million.

• Total revenues were $82.2 million.
• Operating income was $11.9 million. Non-GAAP operating income was $ 13.7 million. A description of the adjustments from GAAP to non-GAAP operating income is detailed in the table captioned "Reconciliation of GAAP and Non-GAAP Results" following this press release.
• Net loss attributable to Fang\'s shareholders was $48.2 million, which was primarily due to the change in fair value of equity securities of $34.4 million, and the income tax expense of $9.5 million related to the effect of change in fair value of equity securities. Loss per ADS was $0.11.
• Non-GAAP net loss attributable to Fang\'s shareholders was $9.1 million. Non-GAAP fully diluted loss per ADS were $0.02. A description of the adjustments from GAAP net loss to non-GAAP net loss attributable to Fang's shareholders and fully diluted income per ADS is detailed in the table captioned "Reconciliation of GAAP and Non-GAAP Results" following this press release.
• Adjusted EBITDA was $19.3 million. A description of the adjustments from GAAP net loss to Adjusted EBITDA is detailed in the table captioned "Reconciliation of GAAP and Non-GAAP Results" following this press release.

"Fang is continuing its restructuring by focusing more on its data and analytics business and internet and advertising and listing services," commented Vincent Mo, Chairman of Fang. "The spin-off of China Index Holdings is underway and Fang is also exploring a separation of its core internet advertising and listing services for an independent listing."

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

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