February 14, 2013 at 12:54 PM EST
Zillow Soars On Q1 Outlook With Record January Users
Zillow (Z) shares were up 12% in early trading Thursday, at a nearly five-month high, after the online real estate company late Wednesday topped Wall Street's Q4 forecasts and Q1 outlook, saying it drew a record number of users in January. Mobile users are flocking to the company's apps, says Zillow CEO Spencer Rascoff. "We had more visits to Zillow on mobile than on the desktop" in Q4, Rascoff told IBD late Wednesday. "That's a terrific
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