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Zillow, AOL, Intel: Tech Winners & Losers

NEW YORK ( TheStreet) -- Zillow (Z) shares slumped 19.23% to $27.76 on Tuesday after the online real estate information company gave a weak revenue forecast for the fourth quarter.

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.

AOL (AOL) shares zoomed up 13.32% to $40.58 after the online content provider reported stronger-than-anticipated results for the third quarter.

The company said it earned 22 cents a share on revenue of $531.7 million for the three months ended in September, ahead of Wall Street's consensus view for a profit of 17 cents a share on revenue of $521.6 million.

A highlight for AOL was strong revenue from advertising, which saw a 7% year-over-year boost to $340 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

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AOL $0.00 0.00%
AAPL $93.74 -1.15%
ARMH $41.19 -0.29%
INTC $30.28 -2.67%
Z $24.04 0.25%


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NASDAQ 4,775.3580 -29.9330 -0.62%

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