NEW YORK (TheStreet) -- Shares of SouFun Holdings (SFUN) are advancing by 5.06% to $5.61 on Thursday morning, after the Beijing-based company reported better-than-expected revenue for the 2016 first quarter.
Before today's opening bell, the real estate Internet portal posted revenue of $204.6 million, above analysts' expectations of $189.2 million.
But SouFun reported a loss of 24 cents per ADS, which was wider than the loss of 10 cents per ADS that analysts were projecting.
Higher revenue was primarily driven by growth in e-commerce services, the company said.
Revenue from Internet financial services was $10.6 million compared to $3.5 million last year due to its increasing financial services to real estate brokerage services.
For 2016, the company sees revenue of about $1.06 billion, while analysts are modeling revenue of $1.17 billion.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures.
However, the team also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SFUN