Leju Holdings Q2 Profit Increases; Backs 2014 Revenue Outlook - Quick Facts

(RTTNews) - Leju Holdings Limited (LEJU), online-to-offline real estate services provider in China, reported that net income attributable to shareholders for the second-quarter ended June 30, 2014 was $15.4 million, or $0.12 per ADS, an increase from $5.7 million, or $0.05 per ADS in the same quarter of 2013.

Non-GAAP net income attributable to shareholders was $20.5 million, or $0.15 per ADS, up from $11.5 million or $0.10 per ADS last year.

Total revenues were $117.4 million, an increase of 63% from $71.9 million for the same quarter of 2013, mainly driven by the growth of revenues from e-commerce services.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share and revenues of $113.78 million for the quarter. Analysts' estimates typically exclude special items.

The company maintained its previous fiscal year 2014 total revenue guidance of approximately $500 million to $520 million, which would represent an increase of approximately 49% to 55% from $335.4 million in 2013. Analysts expect the company to report revenues of $495.77 million for fiscal 2014.