SouFun Just So-So As Earnings Beat But Outlook Light

By | February 10, 2014

Scalper1 News

SouFun (SFUN) reported Q4 earnings above estimates, but the Chinese Internet company guided 2014 revenue below analyst estimates. The leading real estate web portal in China said Q4 earnings jumped 89.3% to $1.42. Analysts polled by Thomson Reuters expected $1.06. Gross margin widened to 87.2% from 82.8% a year earlier. Revenue rose 47.2% to $217.15 million, beating analyst expectations of $201.35 million. Marketing services revenue climbed 21% to Scalper1 News

Scalper1 News