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Shares of E-House (China) Holdings Limited (EJ - Snapshot Report) jumped 11.38% and closed at $11.16 in yesterday’s regular trading session on the NYSE following the disclosure of its robust third-quarter 2013 results.

This Chinese real estate company – E-House – reported net income attributable to its shareholders of 14 cents per ADS, well ahead of the Zacks Consensus Estimate of 8 cents. The company had experienced a net loss attributable to its shareholders of 18 cents per ADS in the comparable prior-year period.

E-House’s solid performance is backed by substantial revenue growth that climbed 43% year over year to $195.7 million in the quarter under review and surpassed the Zacks Consensus Estimate of $173 million.

An 85% year-over-year surge in revenues in its real estate online services, chiefly driven by growth in e-commerce revenues, contributed to this upside. Also, revenues from real estate information and consulting services escalated 47% year over year. These factors collectively helped compensate for slower growth in revenues from primary real estate agency services (it moved up 10% year-over-year). The company exited the quarter with cash and cash equivalents of $216 million.

Further, E-House has raised its already hiked fiscal 2013 total revenue guidance. It now guides revenue of approximately $700, up from $630 million expected earlier. This also reflects a 51% elevation from $462.4 million in 2012.

Notably, E-House has been making concerted efforts for some time to develop its real estate e-commerce business and is now enjoying the benefits. The company, which had initiated the concept of real estate e-commerce in 2011, launched its e-commerce 3.0 open transaction platform in June this year.

E-House has now opted for strategic cooperation with CITIC Bank Corporation Limited for the e-commerce 4.0 platform, for combining the real estate e-commerce with financial services featuring the “Leju Loan” through CITIC Bank. This move is aimed at enhancing the purchasing power of homebuyers and drive sales conversion rates.

E-House currently carries a Zacks Rank #1(Strong Buy). One can also look at other stocks in the same industry like FirstService Corporation (FSRV - Snapshot Report), Kennedy-Wilson Holdings, Inc. (KW - Snapshot Report) and HFF, Inc. (HF - Snapshot Report). While FirstService and Kennedy-Wilson carry a Zacks Rank #1, HFF has a Zacks Rank #2(Buy).

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