Hacker Connect January 16 in New York
An event for and by the real estate tech community

Realtor.com operator Move Inc. managed to stay in the black during the third quarter even as revenue slipped 7.5 percent from a year ago, to $46.5 million. Move slashed operating expenses by 6.7 percent during the same period, helping it eke out $242,000 in net income for July, August and September.Most of the cost-cutting was in sales and marketing, down 12.6 percent from a year ago to $16.3 million, and product and website development, down 4.7 percent to $8.4 million. General and administrative expenses were essentially unchanged from a year ago at $10.8 million for the quarter.In reporting third-quarter results, Move issued guidance to investors saying it expects 2011 revenue to total $192 million, slightly less than the $197.5 million in revenue the company generated in 2010 but a d...