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.