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E-House China Holdings shares up after reaffirming Q2 guidance

Dianna Heitz | Jun 30, 2008 11:32am EDT | Comment
Rating: Unrated
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.

For detailed priced information and recent news stories on E-House China Holdings Limited, click EJ.
Dianna Heitz

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Reporter Dianna Heitz is based in SmallCapInvestor.com's Washington, DC bureau.