Fang Announces Third Quarter 2016 Results

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Go back to Fang Announces Third Quarter 2016 Results

Nomura Assumes, Downgrades SouFun Holdings (SFUN) to Reduce

November 28, 2016 3:54 PM EST

Nomur 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 EST

SouFun 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