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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