Zillow said it expects revenue of $30 million to $31 million in the December-ended period. The current average estimate of analysts polled by Thomson Reuters is for revenue of $32.5 million in the December-ended period.
For the third quarter, Zillow posted a profit of $2.3 million, or 7 cents a share, on revenue of $31.9 million, an increase of 67% from last year's equivalent quarter. The average analysts' view was for earnings of 7 cents a share on revenue of $31.7 million.
Intel (INTC - Get Report) shares dipped slightly, recouping the majority fo early losses, following report that Apple (AAPL - Get Report) may move on from Intel chips in its Mac line of computers. Apple reportedly is looking at ways to incorporate its own chips into its line of Mac computers, which are based on intellectual property from ARM Holdings (ARMH). Apple already uses its own chips in its iOS devices, including the iPhone and iPad. Intel shares were down 2 cents at $21.82, after sinking as low as $21.63 earlier in the session. Interested in more on Apple? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull