NEW YORK (TheStreet) -- Shares of SouFun (SFUN) are falling by 6.47% to $5.20 on Friday afternoon, after the Beijing-based company reported a wider-than-expected net loss for its 2016 first quarter yesterday.
SouFun reported a first quarter net loss of 24 cents per ADS, sharply missing Wall Street estimates of a loss of 10 cents per ADS.
The real estate internet portal operator reported revenue of $204.6 million for the first quarter, higher than analysts' expectations of $189.2 million in revenue. The revenue beat was largely driven by a growth in the company's e-commerce services.
When SouFun released its first quarter results before yesterday's market open, shares soared around 5%, but have since been plunging.
Separately, TheStreet Ratings rated SouFun as a "hold" with a score of C.
The primary factors that have impacted this 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, as a counter to these strengths, TheStreet Ratings also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: SFUN
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.