Leju Holdings (LEJU) Stock Falls on Light Guidance

NEW YORK (TheStreet) -- Shares of Leju Holdings (LEJU) were falling 13.6% to $12.23 Wednesday after the Chinese online real estate company guided below analysts' estimates for the full year 2014.

Leju lowered its revenue guidance for full year 2014 between $470 million and $490 million, down from its previous estimates of $500 million to $520 million, and below the Capital IQ Consensus Estimate of $509.63 million for the year.

The company reported earnings of 23 cents a share for the third quarter, beating analysts' estimates of 22 cents a share. Revenue grew 31.7% year over year to $128.3 million for the quarter, below analysts' estimates of $138.87 million.

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LEJU Chart LEJU data by YCharts

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