SouFun Holdings Q1 Profit, Revenue Rise - Quick Facts

(RTTNews) - SouFun Holdings Ltd. (SFUN), an real estate Internet portal in China, said first-quarter net income attributable to SouFun's shareholders was $41.52 million or $0.10 per ADS, up from $28.41 million or $0.07 per ADS last year.

On average, three analysts polled by Thomson Reuters expected earnings of $0.09 per share. Analysts' estimates typically exclude special items.

Revenues increased to $121.2 million from $91.03 million, primarily driven by the growth in listing services and marketing services. Analysts expected revenues of $121.07 million.

Vincent Mo, Executive Chairman of SouFun, said, "We are delighted to report our 14th consecutive above guidance quarter since SouFun was publicly listed, even under China's volatile real estate market condition. Our solid fundamentals with strong brand, effective website platform, and fast growing mobile platform, supported our continued growth.''

SouFun estimates that its total revenue for 2014 will be between $780.0 million and $796.0 million, representing a year-on-year increase of 22.5 to 25 percent. Wall Street looks for full year revenues of $817.12 million.