UPDATE: E-House Reports 17% Rise In Q1 Revenue

E-House (China) Holdings Limited EJ released its results for the first quarter on Tuesday. EJ's Q1 non-GAAP income from operations declined 60% y/y to $10.3 million. Its non-GAAP net income attributable to E-House shareholders fell 58% y/y to $7.5 million, or $0.09 per American depositary share (ADS). EJ's total revenue increased 17% to $83.3 million, from $71.4 million, in the year-ago quarter. However, analysts were expecting earnings of $0.09 per share on revenue of $81.09 million. EJ shares dropped 0.78% to close at $10.13 on Friday. Read more from Benzinga's Company news.