E-House (China) Holdings Limited (EJ) reported that its first-quarter of 2013 net loss attributable to shareholders narrowed to $5.4 million, or $0.05 loss per ADS, from $25.9 million, or $0.33 loss per ADS in the same quarter last year.
Non-GAAP net income attributable to was $4.2 million or $0.03 per ADS, compared to non-GAAP net loss of $16.8 million, or $0.21 loss per ADS last year.
Loss from operations was $10.3 million, compared to loss of $54.6 million for the same quarter of 2012. Non-GAAP income from operations was $0.8 million, compared to non-GAAP loss from operations of $39.8 million for the same quarter of 2012.
Total revenues were $116.6 million, an increase of 97% from $59.1 million for the same quarter of 2012, primarily driven by E-House's real estate brokerage services and real estate online services.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share on revenues of $90.78 million for the quarter. Analysts' estimates typically exclude special items.
The company increased its fiscal 2013 total revenue guidance from the previously guided amount of approximately $550 million to approximately $600 million, which would represent an increase of approximately 30% from $462.4 million in 2012. Analysts expect the company to report revenues of $552.72 million for fiscal 2013.
For comments and feedback: editorial@rttnews.com