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Move Inc. expecting double-digit 2013 revenue growth

Profits down at end of 2012 on acquisitions, tight listing inventories

Realtor.com 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.In an earnings call Tuesday, Move Chief Financial Officer Rachel Glaser said revenue growth was constrained by tight listing inventories.Glaser said that if listing inventory hadn't shrunk in 2012 -- largely as a result of increased buyer demand in a recovering housing market -- Move would have generated as much as an additional $10 million in revenue for the year. The historical listing count for 2012 was 6.2 million, she said.Move expects revenue to grow by 11 to 13 percent this year, to between $222 million and $226 million.That ...