Xinyuan Real Estate (XIN) Raises Quarterly Dividend 2.6% to $0.10; 9.5% Yield
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Xinyuan Real Estate (XIN) Reports Q3 EPS of $0.31 on Revenues of $595M; Offers 4Q Revenue Outlook
November 13, 2018 6:11 AM ESTXinyuan Real Estate (NYSE: XIN) reported Q3 EPS of $0.31, versus $0.22 reported last year. Revenue for the quarter came in at $595 million, versus $482.4 million reported last year.
On January 1, 2018, the Company adopted ASC 606 to recognize revenue for contracts executed after the adoption on an "over time" basis using costs incurred, an input measure. As such, third quarter results reflect the adoption of ASC 606 and may not be directly comparable to prior periods.Contract sales decreased 5.5% to US$571.3 million from US$604.5 million in the third quarter of 2017 and decreased 9.9% from US$633.9 million in the... More