Trulia Earnings: Here’s Why Investors are Buying Shares Now
Trulia Inc (NYSE:TRLA) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.33%.
Trulia Inc Earnings Cheat Sheet
Revenue: Rose 104.43% to $24 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It beat the average revenue estimate of $21.08 million.
Quoting Management: “Trulia achieved an excellent start to 2013,” said Pete Flint, Chief Executive Officer of Trulia. “We achieved another quarter of record revenue, driven by strong execution in both our Marketplace and Media businesses. Trulia’s mobile traffic continues to expand at a rapid rate, while our subscriber base grew by approximately 3,500 during the quarter.”
Key Stats (on next page)…