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Why Trulia (TRLA) Stock Is Slipping After Hours

Tickers in this article: TRLA

NEW YORK (TheStreet) -- Trulia  stock is slipping in extended trading after the real estate search engine posted a wider-than-expected loss in its first quarter. 

After the bell, shares had slipped -1.3% to $32.50.

Over the three months to March, the company reported an adjusted net loss of 14 cents a share. Analysts surveyed by Yahoo! Finance had forecast a net loss of 13 cents a share. 

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Revenue soared 127% year over year to $54.5 million, higher than estimates of $53.46 million.

TheStreet Ratings team rates TRULIA INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate TRULIA INC (TRLA) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share."

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