DALLAS, Aug. 23, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring E-House (China) Holdings Ltd. (ADR) (NYSE:EJ). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/EJ
E-House (China) Holdings Ltd. is a real estate services company in China with a nationwide network covering more than 160 cities. It offers a wide range of services to the real estate industry, including primary sales agency, secondary brokerage, information and consulting, online, advertising, promotional events and investment management services. The real estate information and consulting, online, advertising and promotional events services are offered through the Company's majority owned subsidiary, China Real Estate Information Corp. (CRIC).
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In the report, the analyst notes:
"The Company posted total revenues of $91.6 million for the second quarter of 2011, an increase of 29% from $71.2 million for the same quarter of 2010. … Revenue for the third quarter is expected to be in the range of $108 million to $110 million, versus analysts' expectations of $100.4 million."
"As of June 30, 2011, EJ had a total of 112 secondary real estate brokerage stores in eight cities in China, compared to 131 stores as of June 30, 2010, and 133 as of December 31, 2010. The Company closed a number of stores in Shanghai during the first half of 2011 in order to reduce cost and optimize its store network by strengthening its presence in certain districts while closing unprofitable stores in others."
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