Xinyuan Real Estate Co., Ltd. Announces First Quarter 2018 Financial Results
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Xinyuan Real Estate (XIN) Reports Q1 Loss of $0.16
May 30, 2018 6:54 AM EDTXinyuan Real Estate (NYSE: XIN) reported Q1 EPS of ($0.16). Revenue for the quarter came in at $174.1 million, versus $0 reported last year.
First Quarter 2018 Highlights
Under ASC 606, the Company expects to recognize revenue for all contracts executed starting from January 1, 2018, on an \"over time\" basis using costs incurred, an input measure.First quarter results reflect the adoption of ASC 606... More