Nomura Assumes, Downgrades SouFun Holdings (SFUN) to Reduce
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Fang Announces Third Quarter 2016 Results
November 28, 2016 6:30 AM ESTBEIJING, Nov. 28, 2016 /PRNewswire/ -- Fang 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 September 30, 2016.
Third Quarter 2016 Highlights
Total revenues were $250.1 million. Operating income was $0.2 million. Non-GAAP operating income was $2.4 million. A description of the adjustments from GAAP to non-GAAP operating income is detailed in the Reconciliation Statement following this press release. Net loss attributable to Fang's shareholders was $4.9 million. Fully... More