Xinyuan Real Estate (XIN) Reports Q3 EPS of $0.31 on Revenues of $595M; Offers 4Q Revenue Outlook
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Xinyuan Real Estate Co., Ltd. Announces Third Quarter 2018 Financial Results
November 13, 2018 6:00 AM ESTBEIJING, Nov. 13, 2018 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and also in other countries, today announced its unaudited financial results for the third quarter ended September 30, 2018.
Third Quarter 2018 Highlights
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... More