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Shares of Homestore(HOMS Quote) surged Friday after the company reported a strong second quarter.
The online real estate service earned $3.3 million, or 2 cents a share, in the quarter, compared with a loss of $4.3 million, or 3 cents a share, last year. The latest quarter included a litigation expense of $4.2 million partially offset by a $1.4 million reduction in a previous restructuring charge.
Revenue rose 16% from a year ago to $63.3 million. ...
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