SouFun Q4 Beats Estimates

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China-based real estate portal SouFun has beaten what the market expected in its Q4 and 2012 results. For the quarter, the company took in $148 million in revenue, which was just under 30% higher than the same period the previous year. Non-GAAP net income grew 66% to $65 million ($0.79 per diluted share). Both results handily beat the average analyst expectations of $138 million on the top line and $0.62 in EPS.

For fiscal 2012, revenue advanced 25% on a year-over-year basis to $430 million. Net income grew by 41%  to $174 million ($2.13 diluted EPS).

Looking forward, SouFun said that it expects fiscal 2013 revenue to come in at approximately $520 million. The company did not provide any profit forecasts.

The article SouFun Q4 Beats Estimates originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in SouFun. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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