Leju Holdings Limited Q3 Profit Rises; Cuts FY14 Revenue Outlook - Quick Facts

(RTTNews) - Leju Holdings Limited (LEJU), online-to-offline real estate services provider in China, reported third-quarter net income attributable to shareholders of $25.7 million, or $0.19 per ADS, compared to $21.9 million, or $0.18 per ADS in the year-ago period.

Non-GAAP net income attributable to shareholders was $31.3 million, up from $28.0 million in the prior year period. Earnings per ADS for the current quarter was $0.23 same as last year.

Total revenues were $128.27 million, up 32% from $97.39 million in the comparable quarter last year, mainly driven by the growth of revenues from e-commerce services.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share and revenues of $132.56 million for the quarter. Analysts' estimates typically exclude special items.

The company lowered its fiscal year 2014 total revenue guidance to a range of $470 million to $490 million from its previous range of $500 million to $520 million, primarily as a result of the lower-than-expected listing services revenue. Analysts now expect the company to report revenues of $509.15 million for fiscal 2014.