Leju Holdings (LEJU) Reports Q3 EPS of $0.10

Leju Holdings (NYSE: LEJU) reported Q3 EPS of $0.10, versus $0.08 reported last year. Revenue for the quarter came in at $185.4 million.

Third Quarter 2019 Financial Highlights

• Total revenues increased by 39% year-on-year to $185.4 million. - Revenues from e-commerce services increased by 58% year-on-year to $153.4 million.- Revenues from online advertising services decreased by 13% year-on-year to $31.5 million.
• Income from operations was $15.8 million, an increase of 40% from $11.3 million for the same quarter of 2018.
• Non-GAAP[1] income from operations was $19.5 million, an increase of 25% from $15.6 million for the same quarter of 2018.
• Net income attributable to Leju Holdings Limited shareholders was $11.2 million, or $0.08 per diluted American depositary share (\"ADS\"), an increase of 63% from $6.8 million, or $0.05 per diluted ADS, for the same quarter of 2018.
• Non-GAAP net income attributable to Leju Holdings Limited shareholders was $14.1 million, or $0.10 per diluted ADS, an increase of 37% from $10.3 million, or $0.08 per diluted ADS, for the same quarter of 2018.

"We are pleased that our revenue reached a record high in the third quarter," said Mr. Geoffrey He, Leju's chief executive officer. "Since the second half of this year, increasing demand for marketing services from developers as a result of added pressure to reduce inventories has driven significant growth in our new e-commerce business. Leju's top-down strategy has allowed us to seize market opportunities, expand our customer base and increase the average number of projects under cooperation per customer, all of which provide a solid foundation to grow our project pipeline for the fourth quarter and next year. In addition, in the third quarter, our profit remained stable with continued positive cash inflow generated from operations. In the fourth quarter, Leju will hold our annual gala awards ceremony for China\'s property industry, which will help to further enhance our media influence and customer relationships. "

GUIDANCE:

Leju Holdings sees Q4 2019 revenue of $200-210 million.

Business Outlook

The Company estimates that its total revenues for the fourth quarter of 2019 will be approximately $200 million to $210 million, which would represent an increase of approximately 61% to 69% from $124.2 million in the same quarter in 2018. This forecast reflects the Company\'s current and preliminary view, which is subject to change.

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

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