SAN FRANCISCO (AP) — Real estate website operator Trulia's fourth-quarter loss narrowed as traffic and subscriptions improved significantly.
While its adjusted loss narrowly missed analysts' estimates, its revenue beat Wall Street's view. The company also provided a first-quarter revenue forecast above analysts' expectations.
Trulia Inc. operates the website Trulia.com and mobile apps. It allows people to research home listings and neighborhoods, while helping real estate agents market their listings.
The company, which went public in September, reported late Tuesday that it lost $1.6 million, or 6 cents per share, for the three months ended Dec. 31. That compares with a loss of $2.1 million, or 30 cents per share, a year earlier
Taking out stock-based compensation, Trulia lost 3 cents per share.
Analysts surveyed by FactSet expected a loss of 2 cents per share.
Revenue jumped 76 percent to $20.6 million from $11.7 million. This beat Wall Street's estimate of $19.1 million.