Trulia (TRLA +11.7%) surges after soundly beating Q1 revenue forecasts and issuing strong Q2...
Trulia (TRLA +11.7%) surges after soundly beating Q1 revenue forecasts and issuing strong Q2 guidance. JPMorgan has upgraded shares to Overweight, and Deutsche (Buy) thinks "the mid quarter addition of new inventory at above average prices - across desktop and mobile - [adds] another lever." Marketplace sales +100% Y/Y in Q1 to $17.4M, Media sales (ads) +91% to $6.6M. Monthly unique visitors +52% Y/Y (+50% in Q4), mobile uniques +122% to 5.1M, total subs up by 3.5K Q/Q to 27.9K, and average revenue/sub up $15 Q/Q and $59 Y/Y to $187. Sales/marketing spend doubled Y/Y to $12.3M. 18.8% of the float was shorted as of April 15. Zillow (Z +3.2%), which reports on May 7, is also up. (transcript)
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