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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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October 23, 2014
16:44 EDTMOVEGabelli reports 6.5% stake in Move, Inc.
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October 22, 2014
13:51 EDTTRLATrulia November volatility elevated into Q3 and outlook
Trulia November call option implied volatility is at 76, December is at 69, January is at 63, March is at 58, June is at 52; compared to its 26-week average of 53 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
09:06 EDTMOVEMove, Inc., NALMLS announce license agreement for realtor.com
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October 20, 2014
07:24 EDTZZillow November weekly volatility elevated into Q3 and outlook
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