SouFun Holdings (SFUN) Tops Q2 EPS by 2c, Cuts FY Revenue Guidance
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SouFun Holdings (NYSE: SFUN) reported Q2 EPS of $0.16, $0.02 better than the analyst estimate of $0.14. Revenue for the quarter came in at $168.2 million versus the consensus estimate of $173.52 million.
SouFun Holdings sees FY2014 revenue of $727-739 million, versus prior guidance of $780-796 million and the consensus of $741.98 million.
SouFun is adjusting its revenue guidance for 2014 in light of the slowdown in the real estate market in China, our reduction in fees we charge for listing services for the remainder of 2014, and longer time for new businesses to contribute significantly to revenue growth.
For earnings history and earnings-related data on SouFun Holdings (SFUN) click here.
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