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Trulia’s Q2 Loss Narrows as Revenue and Subscribers’ Base Soar (TRLA)

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Shares of Trulia Inc. (NYSE: TRLA) rallied 11.11% in afterhours trading on Wednesday after the real estate listing service provider reported that fiscal second quarter loss narrowed, aided by strong growth both in the subscribers’ base and revenue.

Adjusted earnings topped analysts’ expectation while revenue exceeded the company’s  own guidance. The Company also handed upbeat forecast for the current quarter.

For the fiscal third quarter, Trulia anticipates revenue to be in the range of $30.5 million to $31.5 million. Analysts surveyed by Thomson Reuters had a forecast for revenue of $29 million.

The San Francisco CA based company which competes with Zillow Inc (Z) has benefitted immensely amid rising mobile customers traffic. In the fiscal second quarter, Trulia’s total traffic soared 49% to 34.9 million monthly unique visitors while mobile monthly unique visitors increased to 13 million, which was nearly 100% growth.

Total subscribers climbed 49% to 32,123 in the recently concluded quarter.

For the fiscal second quarter, Trulia reported a loss of $2.4 million or 7 cents a share compare to a loss of $3.4 million or 49 cents a share, in the year-earlier quarter. In the recently concluded quarter, the company had significantly higher number of shares outstanding.

Stripping out onetime items such as stock based compensation and acquisition related costs, adjusted earnings stood at 5 cents a share up from a loss of 41 cents a share, in the same quarter of last year. Analysts’ consensus estimate was for a loss of 4 cents a share, according to a data compiled by Thomson Reuters.

Revenue soared 77% to $29.7 million, beating its own previous guidance of $27.3 million to $27.7 million, which, at that time, was also above Wall Street’s expectation.

Total costs and expenses increased 60%.

While revenue from marketplace business (proceeds from subscriptions sold to real estate professionals) rose 89% to $20.9 million while revenue from media increased 52%.








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Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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