14:12 PM
China Real Estate Information Corp. (CRIC) jumps up to 20% in its first day trading in New York. The company, created by the merger of E-House Holdings' (EJ) info business and Sina's (SINA) real-estate unit, sold 18M ADRs at the low end of its range to ensure investor interest. Goldman Sachs: Buy [[EJ]] since the spinoff will help accelerate growth.
Comment!
07:24 AME-House (China) Holdings (EJ): Q2 EPS of $0.24 beats by $0.07. Revenue of $63.5M (+48%) vs. $51M. Issues upside Q3 revenue guidance of $78-80M vs. $52.7M consensus. (PR)
Comment!