NEW YORK (TheStreet) -- Zillow (Z) stumbled after missing first-quarter revenue estimates and concerns surrounding its current quarter Ebitda forecast. Facebook (FB) pulled higher as the company launches Instant Articles and demands improved pay for contractors. FireEye (FEYE) sizzled as reports surface the company may be a takeover target.
Zillow fell 2% to close at $96.03.
The online real estate listing site took a hit after missing analysts' expectations for first quarter revenue and forecast weaker Ebitda estimates, according to a Barron's report. Zillow posted earnings of 5 cents a share on revenue of $127 million, compared with Wall Street's expectations of a loss of 12 cents a share on revenue of $135 million. But Barron's noted investors may have been largely disappointed by Zillow's Ebitda forecast of $3.5 million to $4.5 million, given the average estimate had been $14 million.
RBC Capital Markets' analyst Mark Mahaney, cited in Barron's, characterized Zillow as a company that is undergoing a transition in 2015 and "could potentially again become an attractive investment vehicle."
For a deeper look into the company's quarter, here is a copy of the transcripts from the earnings call.
Facebook jumped 1.3% to end the day at $78.44.
The social networking giant rose after launching its Instant Articles service. The service, as a Forbes report notes, may prove enticing to publishers of news. The report suggests that the format is not only spot on in the way it delivers content to users but that publishers want to reach Facebook's zillions of users.
Apparently investors are pleased enough with Facebook's financial performance that they showed little concern that the social media giant is advocating that its contractors pay higher wages and benefits to those that they employ. Despite the fact that these contractors may turn around and charge Facebook more money for their services to cover such costs of higher pay and benefits.