Zillow Inc and First Solar, Inc. Report Q2: Here Are The Results

Zillow Inc and First Solar, Inc. Report Q2: Here Are The Results

Zillow Inc (NASDAQ:Z), the leading real estate and home-related marketplace, beat revenue estimates after close today when it reported a loss per share of $0.05, $0.01 more than the $0.04 expected by analysts. Revenue for the quarter came in at $78.7 million, up from the $76.6 that was expected by The Street.

Zillow’s earnings and gains

Zillow Inc (NASDAQ:Z) reported record quarterly revenue of $78.7 million, up 68% over the corresponding quarter and record quarterly and all-time traffic, with a new monthly record in July 2014 of nearly 89 million unique users on mobile and Web.

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“We had our strongest quarter yet with record consumer traffic and record revenue and bookings by Premier Agent advertisers,” said Spencer Rascoff, Zillow CEO. “Our deliberate focus on high-performing agents and their teams drove the significant increase in orders, and has prompted us to increase our full-year outlook. Advertisers are clearly following audience, and we’re continuing to reinvest in the business to get the flywheel to spin even faster.

“Additionally, last week we announced our entry into an agreement to acquire Trulia Inc (NYSE:TRLA), a move that we believe will allow us to combine our resources and achieve even more impressive innovation for consumers and advertisers.”

The company also raised its expectations for the remainder of the year raising its full-year revenue outlook to $321-$323 million, up from a prior view of $304-$308 million.

Despite these positives, Zillow Inc (NASDAQ:Z) is presently (5:10 EDT) trading at $139.66 down $1.40 from today’s close of $141.06 for a loss of roughly 1%.

First Solar hurting in after hours trading

First Solar, Inc. (NASDAQ:FSLR), the Tempe, Ariz.-based company wasn’t so fortunate when it reported following today’s market close and saw sharp declines in profits owing to project delays.

The company reported earnings of $0.04 a share on net income of $4.53 million. Year-over-year, those numbers are quite disappointing as they reported earnings of $0.37 and $34 million respectively in 2013.

“While project delays in Q2 resulted in deferring some earnings to later in the year we remain on track to our financial targets for the year and reaffirm our full-year 2014 EPS and operating cash flow guidance,” said CEO Jim Hughes.

After today’s close, First Solar had gained nearly 17% in 2014 but is giving a good deal of that back in after-hours trading. Having closed the day at $63.66, the company is presently (5:21PM EDT) trading at $60.65 down $3.01 or $4.73 percent despite the company’s belief that things will pick up and the delays will simply defer revenues.

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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

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