Why SouFun (SFUN) Is Up Today

NEW YORK (TheStreet) -- SouFun (SFUN) was gaining 1.5% to $79.68 Monday following the announcement of its fourth quarter results.

The Chinese Internet company announced revenue of $217.2 million for the quarter, a 47.2% increase from the year-ago quarter. SouFun recorded earnings of $1.42 a share in the fourth quarter, a 79.7% increase from the fourth quarter of 2012.

For the full year, revenue increased 48.1% to $637.4 million for SouFun, while earnings gained 70.4% to $3.63 a share.

"We are excited to report another strong quarter and full year results, marking the 4th consecutive annual results way above our guidance since our IPO, and our leading internet businesses continued their fast growth stories in 2013," executive chairman Vincent Mo said in a press release.

For 2014, SouFun anticipates revenue of between $780 million and $796 million.

Must read: SouFun Holdings Ltd. (SFUN): Today's Featured Internet Winner

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 a few notable strengths, 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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