SouFun Holdings (SFUN) Misses Q1 EPS Views; Boosts FY16 Revenue Outlook
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Fang Announces First Quarter 2016 Results
June 2, 2016 8:02 AM EDTBEIJING, June 2, 2016 /PRNewswire/ -- SouFun Holdings Limited (NYSE: SFUN) ("we," "our," or "Fang"), the leading real estate Internet portal in China, announced today its unaudited financial results for the three months ended March 31, 2016.
First Quarter 2016 Highlights
Total Revenue increased by 62.3% year-on-year to $204.6 million. Revenue from e-commerce services increased by 154.0% year-on-year to $130.9 million. Operating loss was $110.2 million. Non-GAAP operating loss was $108.1 million. A description of the adjustments from GAAP to non-GAAP operating income is set... More