SouFun Holdings Limited's (SFUN) net income attributable to shareholders was $55.8 million for the fourth quarter of 2012, an increase of 85.3% from the corresponding period in 2011, due primarily to the top-line growth and the decrease in bad debt expenses, partially offset by the increase in staff costs and taxes. Earnings per share was $0.68 for the fourth quarter of 2012, a 83.8% increase as compared to $0.37 for the corresponding period in 2011.
Non-GAAP net income attributable to shareholders was $65.1 million for the fourth quarter of 2012, an increase of 66.0% from the corresponding period in 2011. Non-GAAP earnings per share was $0.79 for the fourth quarter of 2012, a 61.2% increase as compared to $0.49 for the corresponding period in 2011.
The company reported total revenue of $147.5 million for the fourth quarter of 2012, representing an increase of 29.6% from the corresponding period in 2011, primarily driven by the growth in SouFun membership services and listing services.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share on revenues of $138.29 million for the quarter. Analysts' estimates typically exclude special items.
The company estimates its total revenue for 2013 to be around $520.0 million, representing a year-on-year increase of 20.0% to 22.5%. Analysts expect the company to report revenues of $508.58 million for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.