Move Inc. expecting double-digit 2013 revenue growth

Profits down at end of 2012 on acquisitions, tight listing inventories operator Move Inc. saw profits fall by more than half during the final three months of 2012, thanks in part to acquisitions that the company said will drive double-digit revenue growth this year.

Move reported $1.6 million in net income during the fourth quarter of 2012, down 53 percent from the same time a year ago. For the year as a whole, profits were up 47 percent, to $4.7 million, on revenue of $199.2 million, a 4 percent increase from 2011.