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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
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July 22, 2014
12:53 EDTZRealPage likely being presented with strategic alternatives, says Barrington
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07:17 EDTTRLANational Association for Business Economics to hold a seminar
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July 18, 2014
12:48 EDTMOVE, Z, TRLARealPage tumbles after reporting preliminary Q2 revenue miss
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July 16, 2014
16:33 EDTZZillow acquires Retsly
Zillow announced it has acquired Vancouver, BC based Retsly, a software company that normalizes real estate data from multiple listing services so developers can build data-driven products for the real estate industry. The company also provides MLSs with the tools to manage software applications in their market and ensure their content is being used appropriately. Zillow is not disclosing the financial terms of the acquisition. "Retsly's platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats," said Spencer Rascoff, Zillow CEO. "Retsly's team and cutting-edge technology is a great fit with Zillow and aligns with our goal to offer great value and services to our industry partners. We're thrilled to welcome Retsly to Zillow." Retsly was founded in 2013 and will continue to operate from Vancouver.
09:32 EDTMOVEMove, Inc. mentioned positively at Craig-Hallum
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07:24 EDTZSiemer & Associates to hold a summit
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July 11, 2014
09:01 EDTTRLATrulia says 54M unique visitors visited site in June
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July 9, 2014
10:02 EDTZ, TRLAOn The Fly: Analyst Initiation Summary
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July 8, 2014
18:19 EDTTRLATrulia initiated with an Outperform at Macquarie
Target $56.
18:19 EDTZZillow initiated with an Outperform at Macquarie
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07:09 EDTZZillow reports 82.99M monthly unique users in June
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