E-House China Holdings shares up after reaffirming Q2 guidance
E-House China Holdings Limited (NYSE:EJ) on Monday reaffirmed its second-quarter guidance of $41 million to $44 million despite a weak housing market in China and the recent earthquake in the Sichuan Province. Wall Street expectations for the quarter ended June 30 are for revenues of about $42.4 million. The Shanghai, China-based real estate company said its revenues should be within the original guidance range because of its expanded business scale and market share.
On Monday shares of E-House climbed about 9% to $11.47, about $0.97 above Friday’s close.
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