NEW YORK (TheStreet) -- SouFun (SFUN - Get Report) was gaining 7.2% to $11.09 Thursday after beating analysts' estimates for earnings in the second quarter, and despite lowering its guidance for the year.
For the second quarter SouFun reported earnings of 16 cents a share, 1 cent about the Capital IQ Consensus Estimate of 15 cents a share. Revenue grew 16.7% year-over-year to $168.2 million for the quarter, missing analysts' estimates of $172.45 million.
Look to the full year, SouFun now expects revenue of $727 million to $739 million, down from its previous guidance of $780 million to $796 million. Analysts' expect revenue of $751.75 million for the year.
TheStreet Ratings team rates SOUFUN HLDGS LTD as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SOUFUN HLDGS LTD (SFUN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
- You can view the full analysis from the report here: SFUN Ratings Report