BANGALORE, May 19 (Reuters) - Chinese real estate services company E-House China Holdings Ltd (EJ.N) posted a quarterly profit that handily beat market estimates, helped by a recovery in real estate transaction volumes, and forecast a strong second-quarter revenue, sending its shares up 13 percent.
For the second quarter, E-House expects revenue to be between $49 million and $51 million, above analysts' average estimate of $38.3 million.
"The outlook not only reflects the rebound in the (Chinese) market, but also the fact that E-House's partners, the developers, are specifically doing well," said Lazard Capital Market analyst Colin Sebastian, calling the outlook "strong."
