E-House Beats, Raises Guidance, Rallies and Convertible Summary

E-House cruised past estimates, reporting $0.08 non-GAAP net income per share on revenues of $163.3 million, up 40% year-over-year. Consensus analyst estimates were $.04 per share and $138.65 million. GAPP earnings were $0.02 per share. E-House also raised 2014 revenue guidance to a range of $910 million to $930 million, up from $880 million to $900 million.

E-House is a real estate service company operating exclusively in China. Their businesses include traditional brokerage services as well as operating online real estate listing websites.

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