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News Breaks
February 14, 2014
11:43 EDTMOVE, Z, TRLATrulia plummets after fourth quarter profit misses expectations
Shares of real estate search engine Trulia (TRLA) are plunging after the company’s fourth quarter profit missed estimates. WHAT'S NEW: Last night, Trulia reported Q4 adjusted earnings per share of 3c and revenue of $49.7M, compared to expectations of 7c and $49.62M, respectively. Monthly unique visitors in Q4 were 35.3M, an increase of 49% from 23.6M in the same period last year. Mobile monthly unique visitors in the Q4 were 14.3M, an increase of 86% from 7.7M in the same period last year. Total subscribers as of December 31, 2013 were approximately 59,700, an increase of approximately 3,300 from September 30, 2013. Average monthly revenue per subscriber for Q4 was $179, a 4% increase from $172 in the same period last year. WHAT’S NOTABLE: The company’s revenue forecast for the first quarter and fiscal 2014 were in-line with consensus estimates. ANALYST REACTION: This morning, research firm RBC Capital lowered its price target on the shares to $45 from $54. The firm said it would have liked to have seen the company report higher revenue, but thought the company's long-term fundamentals are intact. It reiterated an Outperform rating on the stock. PRICE ACTION: In morning trading, Trulia dropped $6.53, or 17.9%, to $29.90 on nearly six times its average daily trading volume. Including today’s slide, the stock has lost approximately 1% over the past twelve months. OTHERS TO WATCH: Shares of Zillow (Z), which is also in the real estate search space, are down over 6.5% in late morning trading, while Move, Inc. (MOVE) is down 5.6%.
News For TRLA;Z;MOVE From The Last 14 Days
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August 5, 2015
08:40 EDTZZillow Group price target lowered to $71 from $96 at Deutsche Bank
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August 4, 2015
19:27 EDTZOn The Fly: After Hours Movers
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17:34 EDTZZillow Group backs FY15 revenue guidance of $690M, consensus $666.47M
Raises FY15 EBITDA guidance to $85M-$90M.
17:33 EDTZZillow Group sees 100M in cost synergies and avoidances in FY16
17:31 EDTZZillow Group says Trulia integration on track for completion
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17:31 EDTZZillow Group sees Q3 revenue $175M-$177M, consensus $180.89M
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17:05 EDTZZillow Group says Trulia integration on track for completion by Q3-end
17:02 EDTZZillow Group says in Q2 141M avg.monthly unique visitors to brand sites
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16:33 EDTZZillow Group reports Q2 EPS (1c), consensus (26c)
Reports Q2 revenue $171.3M, consensus $168.69M.
14:46 EDTZNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Walt Disney (DIS), consensus $1.42... Liberty Global (LBTYA), consensus 16c... Cerner (CERN), consensus 52c... Devon Energy (DVN), consensus 42c... Activision Blizzard (ATVI), consensus 8c... Acadia Healthcare (ACHC), consensus 52c... LendingClub (LC), consensus 2c... Zillow (Z), consensus (26c)... First Solar (FSLR), consensus 36c... HomeAway (AWAY), consensus 12c... Allscripts Healthcare (MDRX), consensus 11c... Advisory Board (ABCO), consensus 33c.
12:29 EDTZOptions with increasing volume
Options with increasing volume: BXLT WTW ALL ETFC XOM SUNE CCE Z AAC WWE
12:25 EDTZZillow Group volatility elevated into Q2 and outlook
Zillow Group August weekly call option implied volatility is at 154, August is at 79, September is at 59; compared to its 52-week range of 33 to 68, suggesting large near term price movement into the expected release of Q2 results on August 4.
August 3, 2015
16:25 EDTZZillow Group promotes COO Kathleen Philips to CFO, names Amy Bohutinsky COO
Zillow announces two key executive promotions. Kathleen Philips, who has been the company's COO since 2013, has been named CFO, Zillow Group. Amy Bohutinsky, who has been Chief Marketing Officer since 2011, has been promoted to COO, Zillow Group.
11:52 EDTZCitron says Yelp selloff looks 'a bit overdone'
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July 31, 2015
10:02 EDTZOn The Fly: Analyst Downgrade Summary
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06:13 EDTZZillow Group downgraded to Underperform from Market Perform at Cowen
Cowen downgraded Zillow Group to Underperform and lowered its price target to $60 from $90 following the Q2 report. The firm is concerned by decelerating subs growth, slowing Unique Visitors growth at Trulia, high 2016 consensus expectations, and stretched valuation.
July 24, 2015
10:58 EDTZZillow Group predicted to 'crack $40 within a year' by Citron Research
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July 22, 2015
16:12 EDTZZillow Group to acquire DotLoop
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