Xinyuan Real Estate falls premarket as Q1 affected by new accounting standard [Seeking Alpha]
Xinyuan Real Estate Co Ltd American Depositary Shares (XIN)
US:NYSE Investor Relations:
ir.xyre.com
Company Research
Source: Seeking Alpha
Xinyuan Real Estate falls premarket as Q1 affected by new accounting standardXinyuan Real Estate (NYSE:XIN) Q1 loss per ADS of 16 cents compared with net earnings per ADS of 11 cents a year ago. XIN-4.5% in premarket trading.First quarter results reflect the adoption of ASC 606 and may not be directly comparable to prior periods.Q1 total revenue $174.1M vs $280.7M Y/Y; contract sales rose 25% to $380.7M from $305.4MXinyuan's domestic real estate market was affected by "continuous government restrictions on purchases and prices," says Xinyuan Chairman Yong Zhang.Adoption of ASC 606 reduced Q1 revenue by $341.1M and net income by $32.8M. Under ASC 606, XIN expects to recognize revenue for all contracts executed starting from Jan. 1, 2018, on an "over time" basis using costs incurred, an input measure.."With the upgrade of our strategy, we expect the Group's sales and net profits will grow better than last year," says Yong Zhang.Source:Press ReleasePreviously:Xinyuan Real Estate reports
Show less
Read more
Impact Snapshot
Event Time:
XIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
XIN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
XIN alerts
High impacting Xinyuan Real Estate Co Ltd American Depositary Shares news events
Weekly update
A roundup of the hottest topics
XIN
News
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Xinyuan Real Estate Co., Ltd. (NYSE: XIN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
XIN
Sec Filings
- 2/7/24 - Form 6-K
- 1/29/24 - Form SC
- XIN's page on the SEC website