Trulia posts $2.4 million net loss in second quarter

Trulia posts $2.4 million net loss in second quarter

After markets closed Wednesday, Trulia reported that monthly unique visitors to the site during the second quarter were up 49% from a year ago, and revenue grew by 77%, to $29.7 million.

The San Francisco-based company’s share price shot up more than 20% in heavy trading this morning, touching a new high of $45.13.

That despite the fact that Trulia ($47.51 10.245%) posted a $2.4 million net loss for the quarter, down from $3.4 million a year ago.

Third-quarter revenue is also expected to post annual growth of 65% to 70%, to $30.5 million to $31.5 million.

Read the full breakdown of Trulia’s second-quarter earnings here.

 

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