Feb 13 Online real estate listing service
provider Trulia Inc reported a lower-than-expected
quarterly profit as expenses almost tripled, sending its shares
down more than 14 percent in extended trading.
The company's net loss rose to $11.1 million, or 30 cents
per share, for the fourth quarter ended Dec. 31, from $1.6
million, or 6 cents per share, a year earlier.
Excluding items, the company earned 3 cents per share.
Revenue more than doubled to $49.7 million from $20.6
million. Trulia's website, Trulia.com, and mobile applications
provide data on home prices, neighborhoods and rentals.
The company's expenses almost tripled to $60.3 million in
the quarter, with sales and marketing expenses more than
doubling to $25.6 million.
Analysts on average had expected earnings of 8 cents per
share on revenue of $49.6 million, according to Thomson Reuters
Rival Zillow Inc reported better-than-expected
fourth-quarter revenue and earnings on Wednesday helped by
Trulia's shares closed at $36.43 on the New York Stock
Exchange on Thursday.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by