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Stock Market & Financial Investment News

News Breaks
February 14, 2014
11:43 EDTTRLA, Z, MOVETrulia 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
Check below for free stories on TRLA;Z;MOVE the last two weeks.
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September 15, 2014
10:23 EDTZ, TRLATrulia volatility at historic low into planned Zillow’s planned acquisition
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10:13 EDTZ, TRLAZillow volatility at historic low into planned acquisition of Trulia
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09:53 EDTZZillow initiated with an Overweight at Stephens
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September 8, 2014
16:47 EDTTRLA, ZFCC review of Zillow-Trulia deal may depend on advertising, WSJ says
The proposed Zillow (Z), Trulia (TRLA) transaction which is currently being reviewed by the Federal Trade Commission may raise concerns at the commission depending on whether the agency views all real-estate advertising equally or instead distinguishes between online ads and those outside cyberspace, says the Wall Street Journal. Reference Link
11:51 EDTTRLA, ZZillow, Trulia move lower ahead of short-seller presentation
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September 4, 2014
09:06 EDTMOVEMove, Inc. acquires Point2's U.S. listing syndication service
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September 3, 2014
17:02 EDTZ, TRLAZillow, Trulia receives second request for information from FTC
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September 1, 2014
11:47 EDTZGoldman to hold a conference
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