Fang Announces Third Quarter 2016 Results
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Nomura Assumes, Downgrades SouFun Holdings (SFUN) to Reduce
November 28, 2016 3:54 PM ESTNomur assumes and downgraded SouFun Holdings (NYSE: SFUN) from Buy to Reduce with a price target of $3.03 (from $6.79).
Analyst Elly Chen commented, "We assume coverage of Soufun and downgrade it to Reduce from Buy, given the difficulties in its new businesses, and uncertainties... More
SouFun Holdings (SFUN) Reports Q3 Loss of $0.03/Share; Lowers FY16 Revenue Outlook
November 28, 2016 6:33 AM ESTSouFun Holdings (NYSE: SFUN) reported Q3 EPS of ($0.03), versus ($0.08) reported last year. Revenue for the quarter came in at $250.1 million, versus $248.5 million reported last year.
GUIDANCE:
SouFun Holdings sees FY2016 revenue of $927.7 million, versus prior guidance of $1148.6 million.
For earnings history and earnings-related data on SouFun Holdings (SFUN) click here.
... More