Hard to Get Behind Zillow
With interest rates low and the economy recovering, many investors want to play a rebound in the housing market. Why not look at a few Internet plays that are directly correlated to housing?
Yesterday, real estate website Zillow (Z) beat the consensus earnings-per-share estimate by $0.02 on a 72% increase in revenue. Fourth-quarter sales of $34.2 million was $2.85 million ahead of expectations. Management guided investors to expect fiscal 2013 revenues up 36%, to between $165 million and $170 million (vs. the previous estimate of $159 million.)...276 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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