Trulia Earnings: Here’s Why Investors are Buying Shares Now
Trulia Inc (NYSE:TRLA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 11.11%.
Trulia Inc Earnings Cheat Sheet
Revenue: Rose 76.53% to $29.71 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $27.69 million.
Quoting Management: “Driven by product innovation and strong sales force execution, we achieved another record quarter of revenue and subscriber growth,” said Pete Flint, Chief Executive Officer of Trulia. “In addition, our proposed acquisition of Market Leader will strengthen our position as a leading platform for consumers and professionals, with approximately 50,000 premium subscribers.”
Key Stats (on next page)…