E-House Reports Q2 Profit; Lifts FY13 Revenue Outlook - Quick Facts

(RTTNews) - E-House (China) Holdings Limited (EJ), a real estate services company, Friday reported a profit in its second quarter, reflecting higher revenues, and raised its full-year revenue guidance.

For the three-month period, net income attributable to E-House shareholders were $6.3 million or $0.05 per share, compared with a net loss of $7.7 million or $0.07 per share.

Non-GAAP net income attributable to E-House shareholders was $15.3 million or $0.11 per American depositary share or ADS. On average, two analysts polled by Thomson Reuters expected earnings per share of $0.06 for the quarter. Analysts' estimates typically exclude one-time items.

Non-GAAP income from operations was $16.8 million, compared with a non-GAAP loss from operations of $2.9 million last year.

Total revenues increased 43 percent to $163.4 million from prior year's $114.1 million. The company said revenues from primary real estate agency services increased by 38 percent, and revenues from real estate online services surged by 79 percent. Analysts expected the company to report revenues of $135.77 million.

Based on the its current and preliminary view, the company raised its full year total revenue guidance to about $630 million, from $600 million previously announced. Analysts expect the company to report revenues of $594.79 million.