NEW YORK (TheStreet) -- SouFun (SFUN - Get Report) stock is declining by 3.36% to $7.20 in pre-market trading on Wednesday, following the release of the company's 2015 third quarter financial results before the market open today.
The Beijing-based real estate portal posted an adjusted loss of 8 cents per ADS, down from earnings of 16 cents per ADS for the year ago period.
Revenue climbed by 30.4% year over year, to $248.5 million from $190.5 million for the 2014 third quarter. The increase was driven by e-commerce growth, but partly offset by a fall in marketing and listing services, according to a statement.
Analysts had forecast for earnings of 3 cents per share on revenue of 248.45 million for the most recent quarter.
"We are very pleased as we were able to achieve over 111% growth in our e-commerce sectors and over 30% total revenue growth in this quarter," Vincent Mo, CEO of SouFun's website Fang.com, said in a statement.
Separately, 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 number of 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
You can view the full analysis from the report here: SFUNSFUN data by YCharts