Xinyuan Real Estate (XIN) Declares $0.10 Quarterly Dividend; 8.2% Yield
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Xinyuan Real Estate (XIN) Reports Q4 EPS of $1.15
February 15, 2019 6:11 AM ESTXinyuan Real Estate (NYSE: XIN) reported Q4 EPS of $1.15, versus $0.50 reported last year. Revenue for the quarter came in at $1.08 billion, versus $725.7 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, fourth quarter results reflect the adoption of ASC 606 and may not be directly comparable to prior periods.Contract sales decreased 12.1% to US$724.0 million from US$823.3 million in the fourth quarter of 2017 and increased 26.7% from US$571.3 million in the... More