China Real Estate Information Corp. (CRIC) Reports Results for the First Quarter of 2011
China Real Estate Information Corp. reported financial results and an operational update for the first quarter of 2011. The company also provided an updated business outlook for the current quarter. China Real Estate Information reported sales of $42.0 million in the first quarter of 2011, compared to sales of $27.2 million in the same quarter of 2010. This represented an increase of 55% on a year over year basis. The reported sales also exceeded the company’s first quarter sales guidance range of $39 million to $41 million. The management of China Real Estate Information attributed the large year over year…