Zillow craters on weak revenue outlook
Jon "DRJ" Najarian | [email protected]
Zillow's results beat expectations, but the guidance left something to be desired. The real-estate company now sees fourth-quarter revenue of $30 million to $31 million, while analysts were looking for $32.5 million. Management blamed the shortfall on the loss of Foreclose.com, one of its big advertisers. Z plunges 18 percent before the bell on my tradeMONSTER platform.
Express Scripts Talks Down 2013
Express Scripts reported weak top-line results and talked down next year's performance, calling the $4.50 in per-share profits expected by analysts "overly aggressive." ESRX drops 13 percent in early trading.
Jive Software Loss Narrower Than Expected
Jive Software reported a third-quarter loss of $0.09 a share, better than the $0.11 loss forecast by the Street. Revenue of $29 million beat the $28.76 consensus estimate as well, sending JIVE higher by 11 percent in the premarket.