NEW YORK (TheStreet) -- Shares of SouFun (SFUN) were sliding in late-morning trading on Thursday after the company posted solid results for the 2016 second quarter, but reiterated light full-year guidance.
Before today's opening bell, the Beijing-based online real estate portal said it expects 2016 revenue of $1.15 billion. Analysts are looking for revenue of $1.16 billion for the full year.
For the second quarter, SouFun reported an adjusted loss of 8 cents per share, narrower than the loss of 12 cents per share projected by analysts.
Revenue jumped 34.2% to $287 million year-over-year and was above Wall Street's estimates of $270 million.
E-commerce services revenue rose 77.4% to $189.5 million compared to the same period a year ago.
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. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well.
But 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