Zillow, AOL, Intel: Tech Winners & Losers

Zillow shares plunge following a weaker-than-expected revenue outlook, while AOL zooms higher after a strong earnings report.
By Chris Ciaccia ,

NEW YORK (

TheStreet

) --

Zillow

(Z) - Get Report

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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