Chinese real estate website SouFun (SFUN) on Wednesday beat Wall Street’s consensus views for Q1, but gave a weaker-than-expected outlook. SouFun expects full-year sales of $780 million to $796 million, or $788 million at the midpoint. Analysts had been modeling for $813 million, according to Thomson Reuters. SouFun’s weakness is likely because “China’s housing market is experiencing strong headwinds,” wrote T.H. Capital analyst Tian Hou in a
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
Chinese real estate website operator SouFun (SFUN) leads the top five list of stocks that are widely outpacing the broader market, helped by its expansion into financial services. The other companies making the list are all medical: Lannett Co. (LCI), Zeltiq Aesthetics (ZLTQ), WuXi Pharmatech (WX) and Jazz Pharmaceuticals (JAZZ). Today’s IBD Screen Of The Day is Bolting Relative Strength Lines, sorted by RS Rating. Relative Strength measures a