** charts before earnings **
** charts after earnings **
SouFun Holdings beats by $0.04, misses on revs; lowers FY16 revs below consensus :
- Reports Q3 (Sep) loss of $0.03 per share, excluding non-recurring items, $0.04 better thanthe Capital IQ Consensus of ($0.07); revenues rose 0.6% year/year to $250.1 mln vs the $297.85 mln Capital IQ Consensus.
- Co issues lowered guidance for FY16, sees FY16 revs of $927.7 mln from $1.148 bln vs. $1.15 bln Capital IQ Consensus Estimate.
- "This quarter was one of the toughest quarters in Fang's history. Our transformation coupled with the market regulations by the government was very challenging...Transformation is not easy but we are determined and optimizing the operations details. The Company achieved operational profitability and we are confident to turn around the Company."
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