Trulia Shines on Revenue Beat and Q2 Outlook

Michael Teague  |

The online real-estate resource Trulia, Inc. (TRLA) reported better than expected earnings after Tuesday’s close, sending shares soaring in late trading.

With a subscriber base that is growing along with mobile use, the company reported an adjusted net loss of $0.6 million, or $0.02 per share on revenue of $24 million, versus the prior year period’s figures of $3.7 million, or $0.54 cents per share.

The company missed estimates on earnings that had it losing $0.01 per share, but far outpaced revenue expectations of $21.1 million with a 97 percent increase on Q1 of 2012. Furthermore, Trulia increased its revenue guidance for the second quarter to a range of $27.3 million to $27.7 million, versus estimates of $24.5 million.

Trulia reported 31.4 million unique monthly visits during the quarter, up from 20.6 million in the prior year period. Unique visits from mobile more than doubled from 5.1 million in Q1 of 2012 to 11.4 million in Q1 of 2013.

Additionally, the company recorded huge increases in media revenue, total subscribers, average monthly revenue per subscriber, and contributions to user-generated content.

Shares jumped more than 9.3 percent in late trading to $31.77, after closing the regular day at a loss of 1.3 percent, to $29.06.

Trulia’s earnings and especially the increased user activity outlined in the report, come on the same day that February data from the S&P/Case-Schiller composite index that tracks home prices for 20 cities across the United States indicated an increase of 9.3 percent on the prior year. It was the largest annual growth since May of 2006, well before the collapse of the housing bubble.

While home prices are well below their 2006 watermark, all of the index’s 20 cities saw gains on the prior year.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
XKKCL Lehman ABS Corp. 8.00% CorTS Goodyear Tire & Rubber NoteBkd Series 200134 Cl A n/a n/a n/a 0 Trade

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Can the Media Solve the Partisan Conflict?

Andrew McCarthy, Contributing Editor, The National Review; Michael Zeldin, CNN Legal Analyst; Celeste Katz, Senior Political Reporter, Glamour; Silvia Davi, SVP, Contributing Editor, Equities.com; and Doug Simon, CEO, D S Simon Media discuss how the media’s role has shaped the landscape for communicators and what the media is trying to do to reduce discord in society.

Emerging Growth

DirectView Holdings Inc

DirectView Holdings Inc designs and installs surveillance systems, digital video recording and services. The company through its subsidiaries operates within two divisions security and surveillance and video conferencing services.