Leju, E-House Cut Views On China Housing Slowdown

By | November 19, 2014

Scalper1 News

Shares of Chinese online real estate service Leju and its majority owner E-House tumbled after both companies reported disappointing quarterly results and cut full-year guidance due to a slowdown in China’s real estate market. Leju (LEJU) earned 23 cents per diluted American depositary receipt in the third quarter, up 15% from a year earlier and in line with consensus views of analysts polled by Thomson Reuters. Revenue rose 32% to $128.3 million, Scalper1 News

Scalper1 News