Markets

Sector Update: Financial

Financial shares were positioned a bit lower in pre-market trade Wednesday ahead of the release of minutes from the latest Federal Reserve Open Committee meeting.

In financial stocks news, E-House ( EJ ) Wednesday reported improved results for Q2 ended June 30, driven by revenue increases from real estate online services.

China's real estate services company said non-GAAP net income attributable to shareholders rose to $20.6 million, or $0.14 per diluted ADS, from $15.3 million, or $0.11 per diluted ADS, recorded in the prior-year quarter.

And, Leju Holdings ( LEJU ), an online-to-offline real estate services provider in China, reported Q2 EPS that missed analyst estimates and revenues that topped expectations, fueled in large part by an increase in revenues from the e-commerce services segment.

The company reported Q2 earnings per ADS of $0.15, up from $0.10 in Q2 2013 but missing analyst estimates of $0.16. Total revenues of $117.36 million were up from $71.85 million in Q2 2013 and beat analyst projections of $113.78 million.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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